2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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VT - Remove Governor's Base Operating Funds

Item 242 #2c

Item 242 #2c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Polytechnic Institute and State University FY2005 ($2,517,901) FY2006 ($976,551) GF

Page 181, line 28, strike "$362,411,049" and insert "$359,893,148".
Page 181, line 28, strike "$361,243,110" and insert "$360,266,559".
Page 182, strike lines 26 through 37.
Page 182, line 38, strike "I" and insert "H".

(This amendment removes operating funds provided in the introduced budget for base operating costs and enrollment growth. These funds are redirected through a separate amendment as part of the General Assembly's initiative to begin closing the gap in the general fund share of base funding as identified in the guidelines adopted by the Joint Subcommittee Studying Higher Education Funding Policies. One-time seed money for research is also provided through a separate amendment.)