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2005 Session

Budget Amendments - HB1500 (Conference Report)

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UVA - Redirect Gov's Base Adequacy

Item 213 #1c

Item 213 #1c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
University of Virginia FY2005 $0 FY2006 ($339,386) GF

Language
Page 198, line 11, strike "$390,083,230" and insert "$389,743,844".
Page 201, line 38, strike "$8,040,366" and insert "$7,700,980".
Page 201, line 46, after "students", strike "," and insert ";".
Page 201, line 47, after "effectively", strike "," and insert ";".
Page 201, line 48, after "certificate,", insert:  
"particularly in fields where the Commonwealth faces critical workforce shortages;".


Explanation
(This amendment provides for a reduction of $339,386 from the general fund in the second year in order to redirect those funds to raising average faculty salaries at Virginia's public colleges and universities to the 60th percentile of peer institutions nationally by the end of the decade. The amendment also includes clarifying language with respect to the institution's role in preparing students to meet the Commonwealth's critical workforce needs.)