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2012 Session

Budget Amendments - HB30 (Floor Approved)

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Longwood HAC Package

Item 172 #2h

Item 172 #2h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Longwood University FY2013 ($56,985) FY2014 $187,076 GF

Language
Page 139, line 35, strike "$51,729,292" and insert "$51,672,307".
Page 139, line 35, strike "$51,731,187" and insert "$51,918,263".
Page 140, strike lines 8 through 22 and insert:
"C.1. Out of this appropriation, $717,248 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, $172,539 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 student success initiative.
D. Out of this appropriation, $326,622 each year from the general fund which shall be matched with a reallocation of $219,374 each year from current educational and general program funds is provided to achieve the goals of the six-year academic plan submitted by the Longwood University in the fall 2011.  Longwood University shall utilize these funds to increase the use of distance learning to off-campus sites in Emporia, South Boston and Martinsville, to expand nursing programs and
to develop a center of logistics research at Fort Lee in cooperation with the University of Virginia and Virginia State University.
E. Out of this appropriation, $244,061 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.)