2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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VT - Tuition and Fee Authorization (language only)

Item 242 #2s

Item 242 #2s

Education: Higher Education
Virginia Polytechnic Institute and State University

Page 182, line 51, insert:
"J.  In accordance with Section 4-2.01 of this Act, the institution may generate up to $188,136,345 in nongeneral funds the first year and $199,897,309 in nongeneral funds the second year from tuition and mandatory educational and general fee revenue."

(This amendment identifies the amount of nongeneral fund revenue anticipated from tuition and mandatory educational and general fees in FY 2005 and FY 2006. The funding levels reflect a 6.5 percent increase in anticipated revenues for FY 2005 over adjusted FY 2004 nongeneral fund revenues and a 6.3 percent increase in revenues from FY 2005 to FY 2006.)