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2012 Session

Budget Amendments - HB1301 (Committee Approved)

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JMU HAC Package

Item 168 #2h

Item 168 #2h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
James Madison University FY2013 $1,085,733 FY2014 $1,896,798 GF

Language
Page 138, line 2, strike "$234,698,652" and insert "$235,784,385".
Page 138, line 2, strike "$234,704,538" and insert "$236,601,336".
Page 138, strike lines 31 through 45 and insert:
"D.1. Out of this appropriation, $2,604,514 each year from the general fund is designated for base operating support to increase the number of full-time faculty, support operations and maintenance of new facilities, and support increased library and technology costs.
2.  Out of this appropriation, $1,907,493 each year from the general fund is designated to continue the increase in access for in-state undergraduate students begun in the 2011 Session, support the projected growth in transfer students and improve retention and graduation through additional advising for both transfers and  students in high demand majors.
E. Out of this appropriation, $878,450 each year from the general fund which shall be matched with a reallocation of $622,665 each year from current educational and general program funds is designated to achieve the goals of the six-year academic plan submitted by the James Madison University in the fall 2011.  James Madison University shall utilize these funds to implement expansion of nursing programs and to expand existing programs in computer forensics and biophysical chemistry.
F. Out of this appropriation, $811,065 the second year from the general fund is designated to support faculty and classified salary increases under the process authorized in Item 468.10 of this act."


Explanation
(This amendment reflects adjustments to higher education funding to allow colleges to achieve the goals and objectives contained in their six year academic and financial plans. Specifically, the funding will provide for enrollment growth, improving retention and graduation rates, targeted initiatives and incentives related to the Top Jobs for the 21st Century legislation and reallocation requirements within current resources. The funding provided to the colleges will also support an average two percent compensation increase for faculty and staff.)