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2012 Session

Budget Amendments - HB30 (Committee Approved)

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ODU HAC Package

Item 180 #1h

Item 180 #1h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Old Dominion University FY2013 ($201,928) FY2014 $539,575 GF

Language
Page 143, line 15, strike "$221,457,708" and insert "$221,255,780".
Page 143, line 15, strike "$221,463,403" and insert "$222,002,978".
Page 144, strike lines 13 through 19.
Page 144, line 20, strike "H" and insert "G".
Page 144, strike lines 24 through 40  and insert:
"H.1. Out of this appropriation, $3,296,069 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, $1,899,206 each year from the general fund is designated to address the projected growth in transfer students and efforts to improve retention and graduation through the addition of upper level courses which delay graduation and increased advising at the sophomore level.
I. 1. Out of this appropriation, $1,826,760 each year from the general fund which shall be matched with a reallocation of $907,790 each year from current educational and general program funds is designated to achieve the goals of the six-year academic plan submitted by the Old Dominion University in the fall 2011.  Old Dominion University shall utilize these funds to implement expansion of on-line degree programs in high demand fields, increased STEM production and increased modeling and simulation capacity.
2.  Out of this appropriation, $220,000 from the general fund each year is designated to provide opportunity for 80 students per year to be engaged in STEM education using aerospace, high tech science, technology and engineering in partnership with NASA Wallops Flight Facility.  Old Dominion University will collaborate with the Virginia Space Grant Consortium and STEM educators to identify the students who will participate in the program each year.
J. Out of this appropriation, $741,503 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.)