2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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LU - VIA Base Adequacy Funding

Item 190 #6s

Item 190 #6s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Longwood University FY2005 $3,282,745 FY2006 $3,282,745 GF
FY2005 $588,335 FY2006 $1,200,203 NGF

Page 151, line 48, strike "$32,086,391" and insert "$35,957,471".
Page 151, line 48, strike "$32,427,726" and insert "$36,910,674".
Page 152, line 40, insert:
"F.  Out of this appropriation, $3,282,745 is provided from the general fund each year to address base funding needs identified by the Joint Subcommittee Studying Higher Education Funding Policies and to mitigate the pressure on student tuition and fees.  These amounts reflect a portion of the additional general fund support needed to provide  adequate base support of the institution's core academic function. These additional funds will allow the institution to serve more students, retain existing students more effectively, increase the number of students receiving a degree or certificate, and enhance the quality and rigor of its academic programs.  The Secretary of Education shall monitor the institution's efforts to meet these objectives and other statewide needs."

(This amendment reflects a portion of the more than $100 million earmarked annually through the "Virginia Investment Act" to begin closing the gap in base academic programs at Virginia's public colleges and universities.)