2010 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

VMI HAC Package

Item 209 #1h

Item 209 #1h

First Year - FY2011 Second Year - FY2012
Education: Higher Education
Virginia Military Institute FY2011 $0 FY2012 $0 GF
FY2011 $18,009 FY2012 $0 NGF

Page 139, line 38, strike "$30,547,225" and insert "$30,565,234".
Page 139, line 46, strike "$21,840,861" and insert "$19,900,106".
Page 139, after line 46, insert:
"Federal Trust........................$1,958,764".
Page 140, strike lines 11 through 23 and insert:
"C.1. Out of this appropriation, $1,958,764 the first year from nongeneral funds from the State Fiscal Stabilization Fund of the American Recovery and Reinvestment Act of 2009 is provided to support educational and general programs.  The State Comptroller is directed to allocate these funds on July 1, 2010, so that they can be expended in the first quarter of the fiscal year.  This funding is intended to mitigate the general fund reductions to the institution, moderate the level of tuition and fee increases, encourage increased student access, and allow the institution to manage its total funding across the biennium.  
2.  Notwithstanding the requirements, the Director, Department of Planning and Budget, is directed to reappropriate and allot for expenditure all unexpended appropriations in this item from fiscal year 2011 for use in fiscal year 2012."

(This amendment redistributes the general fund reductions and federal stimulus funds contained in House Bill 30, as introduced, in order to provide greater equity among public institutions in managing their operational requirements across the biennium.)