2008 Session

Budget Amendments - HB30 (Committee Approved)

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VCU Tier 3

Item 208 #2h

Item 208 #2h

First Year - FY2009 Second Year - FY2010
Education: Higher Education
Virginia Commonwealth University FY2009 $0 FY2010 ($2,434,000) GF

Page 193, line 16, strike "$482,715,608" and insert "$480,281,608".

(This amendment adjusts base budget in the second year to reflect operating efficiencies expected by Virginia Commonwealth University (VCU) under the new restructuring management agreement under House Bill 1124. All other institutions operating under a restructuring management agreement had an additional 1.25 percent reduction imposed in the Governor's October 2007 budget reduction plan based on their status as a Tier 3 institution. This amendment would treat VCU the same as these other institutions.)