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2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

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RBC HAC Package

Item 157 #1h

Item 157 #1h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Richard Bland College FY2013 ($21,587) FY2014 $22,682 GF

Language
Page 132, line 45, strike "$9,729,519" and insert "$9,707,932".
Page 132, line 45, strike "$9,729,519" and insert "$9,752,201".
Page 133, strike lines 19 through 34 and insert:
"C.1. Out of this appropriation, $21,561 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, $129,491 each year from the general fund is designated to address efforts to improve retention and graduation through dual enrollment programs.
D. Out of this appropriation, $148,135 each year from the general fund which shall be matched with a reallocation of $49,465 each year from current educational and general program funds is designated to achieve the goals of the six-year academic plan submitted by the Richard Bland College in the fall 2011.  Richard Bland College shall utilize these funds to develop 2+2 programs in partnership with and with guaranteed admission to Old Dominion University, Virginia Commonwealth University and Virginia State University.
E. Out of this appropriation, $44,269 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.)