2005 Session

Budget Amendments - SB700 (Conference Report)

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SCHEV - Agency Operations

Item 165 #2c

Item 165 #2c

First Year - FY2005 Second Year - FY2006
Education: Higher Education
State Council of Higher Education for Virginia FY2005 $0 FY2006 $400,000 GF
FY2005 0.00 FY2006 7.00 FTE

Page 171, line 34, strike "$10,057,375" and insert "$10,457,375".
Page 174, strike lines 1 through 10 and insert:
"I.1.  Out of this appropriation, $586,870 and six positions from the general fund are provided in recognition of the increased role that the State Council of Higher Education must play in: (i) coordinating Virginia's system of higher education; (ii) aligning statewide enrollment demand with institutional enrollment projections; (iii) providing guidance and oversight in the development and routine update of six-year financial, academic, and enrollment plans; and (iv) making policy recommendations to the Governor and General Assembly that ensure the Commonwealth's needs with respect to higher education are met consistently.
2. Specifically, these funds are provided to enhance the agency's capacity to: (i) collect and analyze data; (ii) conduct rigorous policy reviews, as needed; and (iii) evaluate and make recommendations related to resource needs, allocations, and systemwide funding policies. In addition to these funds, existing agency resources shall be reallocated and reprioritized in order to meet the needs of the Governor and General Assembly for routine assessments of the academic program and strategic planning efforts of Virginia's colleges and universities.
3.  In addition, the State Council of Higher Education is charged with conducting a higher education affordability study.  The purpose of the study shall be to address the extent to which cost is a barrier to access for students wishing to attend a public or private, nonprofit college or university in the Commonwealth.  In addressing this issue, the study shall include, but is not limited to, identifying: (i) the economic diversity of students attending Virginia's public and private institutions of higher education; (ii) the extent to which students and families rely on grant aid, loans, savings, and supplemental employment to cover the cost of attendance; (iii) the extent to which state-funded need-based student financial aid mitigates any cost barrier for students in attending public colleges and universities or reduces reliance on loans, savings, and supplement employment; (iv) the extent to which state funding for the tuition assistance grant enables students to attend private, nonprofit colleges and universities in the Commonwealth; and (v) the comparative affordability and dependence on grants, loans, savings, and supplemental employment between Virginia’s system of public and private institutions and that of similar states. The study shall be completed and transmitted to the Chairmen of the House Appropriations and Senate Finance Committees prior to the first day of the regular Session of the 2006 General Assembly."

(This amendment provides $400,000 and six positions from the general fund in the second year to supplement $186,870 GF included in the introduced budget. These funds are provided to enhance SCHEV's coordination and oversight roles and to reflect the additional responsibilities contained in Senate Bill 1327/House Bill 2866 (2005 Session) as the result of restructuring the state's relationship with its public institutions of higher education. The amendment also provides authority to employ one additional nongeneral fund position using grant funds.)