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2011 Session

Budget Amendments - HB1500 (Committee Approved)

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ODU Access, Affordability, New Degrees

Item 173 #2h

Item 173 #2h

First Year - FY2011 Second Year - FY2012
Education: Higher Education
Old Dominion University FY2011 $0 FY2012 $6,660,000 GF
FY2011 $0 FY2012 $4,500,000 NGF

Language
Page 158, line 7, strike "$206,610,775" and insert "$217,770,775".
Page 159, after line 35, insert:
"K. 1. Out of this appropriation, $11,660,000 the second year from the general fund is designated to support the goals of the Governor's Higher Education Commission of access, affordability, quality and increased degrees.  Of this amount, $7,500,000 is provided in recognition of in-state enrollment growth, $3,900,000 is provided to increase the number of full-time faculty, and $260,000 to support operations and maintenance of new buildings.
2. Out of this appropriation, $4,500,000 the second year from nongeneral fund sources is provided to reflect the calculated incremental nongeneral fund requirements for the institution.  The Director, Department of Planning and Budget, shall not administratively increase the nongeneral fund for this item unless a formal request and justification for such additional nongeneral fund authority is submitted by the institution to the Governor for his approval.  The Director, Department of Planning and Budget, shall report to the Chairmen of the House Appropriations and Senate Finance Committees on the receipt and status of such requests."


Explanation
(This amendment provides additional funding to accomplish the goals of the Governor's Higher Education Commission of increased access for in-state undergraduate students, affordability, increased degrees especially in STEM-related disciplines, and high quality education at our public colleges and universities.)