2010 Session

Budget Amendments - HB30 (Floor Approved)

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VT HAC Package

Item 214 #1h

Item 214 #1h

First Year - FY2011 Second Year - FY2012
Education: Higher Education
Virginia Polytechnic Institute and State University FY2011 $0 FY2012 ($4,529,798) GF
FY2011 $6,855,978 FY2012 $0 NGF

Page 141, line 19, strike "$489,362,401" and insert "$496,218,379".
Page 141, line 19, strike "$452,088,539" and insert "$447,558,741".
Page 141, line 28, strike "$344,572,430" and insert "$323,679,894".
Page 141, after line 28, insert:
"Federal Trust........................$27,748,514".
Page 142, strike lines 23 through 35 and insert:
"K.1. Out of this appropriation, $27,748,514 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.)