2010 Session

Budget Amendments - HB30 (Floor Approved)

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RBC HAC Package

Item 150 #1h

Item 150 #1h

First Year - FY2011 Second Year - FY2012
Education: Higher Education
Richard Bland College FY2011 $0 FY2012 $207,731 GF
FY2011 ($137,836) FY2012 $0 NGF

Page 110, line 2, strike "$9,459,284" and insert "$9,321,448".
Page 110, line 2, strike "$8,075,054" and insert "$8,282,785".
Page 110, line 10, strike "$4,224,663" and insert "$3,522,927".
Page 110, after line 10, insert:
"Federal Trust........................$563,900".
Page 110, strike lines 27 through 39 and insert:
"D.1. Out of this appropriation, $563,900 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.  For fiscal year 2012, the requirements of § 23-9.6:1.01, Code of Virginia, shall be suspended for purposes of authorizing the reappropriation of any unexpended appropriations of the public institution of higher education at the close of fiscal year 2011.  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.)