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2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

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CNU HAC Package

Item 149 #1h

Item 149 #1h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Christopher Newport University FY2013 $59,057 FY2014 $325,569 GF

Language
Page 129, line 23, strike "$52,604,913" and insert "$52,663,970".
Page 129, line 23, strike "$52,607,665" and insert "$52,933,234".
Page 129, strike lines 45 through 49 and insert:
"C.1. Out of this appropriation, $1,137,693 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, $320,972 each year from the general fund is designated to address efforts to improve retention and graduation through the student success initiative.
D. Out of this appropriation, $188,239 each year from the general fund which shall be matched with a reallocation of $188,239 each year from current educational and general program funds is designated to achieve the goals of the six-year academic plan submitted by the Christopher Newport University in the fall 2011.  Christopher Newport University shall utilize these funds to implement expansion of the President's Leadership Program and new academic STEM programs consistent with its liberal arts and science mission.
E. Out of this appropriation, $266,512 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."
Page 130, strike lines 1 through 10.


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.)