2007 Session

Budget Amendments - SB750 (Member Request)

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Chief Patron: Colgan
SCHEV - Cost of Living Index Adjustment for 60th Percentile Faculty Salaries Goal (language only)

Item 145 #2s

Item 145 #2s

Education: Higher Education
State Council of Higher Education for Virginia

Page 182, after line 24, after "." insert:
"The 60th percentile figure referenced in paragraph 1 of this subsection shall be adjusted using criteria established by the State Council to reflect the difference between the institution's cost of living index (COLI) and that of the average COLI for its peer group nationally if the institution's COLI is more than 25 percent greater than its peer group's average COLI."

(This amendment would require an adjustment for the cost of living index for faculty salary calculations for the 60th percentile goal when meeting the criteria established in the suggested language.)