2010 Session

Budget Amendments - HB30 (Floor Approved)

View Budget Item
View Budget Item amendments

CWM HAC Package

Item 146 #1h

Item 146 #1h

First Year - FY2011 Second Year - FY2012
Education: Higher Education
The College of William and Mary in Virginia FY2011 $0 FY2012 ($1,502,767) GF

Page 108, line 8, strike "$129,576,192" and insert "$128,073,425".
Page 108, line 17, strike "$97,982,019" and insert "$91,097,977".
Page 108, after line 17, insert:
"Federal Trust........................$6,884,042".
Page 108, strike lines 35 through 47 and insert:
"D.1. Out of this appropriation, $6,884,042 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.)