Menu
2006 Session

Budget Amendments - SB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Joint Subcommittee - Base Adequacy (language only)

Item 1 #7s

Item 1 #7s

Legislative Department
General Assembly of Virginia

Language
Page 6, strike lines 8 through 56.
Page 7, strike lines 1 through 47.
Page 6, after line 7, insert:  "F.1. Upon recommendation by the State Council of Higher Education for Virginia or at their discretion, the Chairmen of the House Appropriations and Senate Finance Committees may convene a special joint subcommittee of their members to review proposed changes to the funding guidelines first adopted by the Joint Subcommittee Studying Higher Education Funding Policies in November 2001, and subsequently amended in 2003 and 2004.   Any proposed changes to the funding guidelines should be consistent with the intent to maintain higher education funding policies and formulas that assess the relative needs of Virginia’s public colleges and universities requests for additional funding.  These policies and guidelines, as currently implemented and as may be revised, shall  (a) recognize differences in institutional mission; (b) provide incentives for achievement and productivity; (c) recognize the growing demand to provide higher education opportunities for Virginia students; and (d) establish funding objectives in areas such as faculty salaries, financial aid, and the appropriate share of educational and general costs that should be borne by resident students.
2. As part of its responsibilities to ensure the fair and equitable distribution and use of public funds among the public institutions of higher education, the State Council of Higher Education shall incorporate the funding guidelines established and amended by the Joint Subcommittee into its budget recommendations to the Governor and the General Assembly.  The State Council shall also include recommendations on updating the funding guidelines over time to reflect changes in national data for peer institutions, faculty compensation, the mix of part-time and full-time faculty, staffing patterns, nonpersonal service costs, and other variables, as appropriate."


Explanation
(This amendment updates language for the Joint Subcommittee Studying Higher Education Funding Policies and charges the State Council of Higher Education for Virginia with developing recommendations to revise and update the base adequacy guidelines over time.)