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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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RBC Conference Package

Item 157 #1c

Item 157 #1c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Richard Bland College FY2013 ($29,180) FY2014 ($29,180) GF

Language
Page 132, line 45, strike "$9,729,519" and insert "$9,700,339".
Page 132, line 45, strike "$9,729,519" and insert "$9,700,339".
Page 133, strike lines 19 through 34 and insert:
"C.1. Out of this appropriation, $28,199 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $73,535 each year from the general fund is designated to address efforts to improve retention and graduation through dual enrollment programs.
D.1. Out of this appropriation, $189,860 each year from the general fund 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.
2. Richard Bland College shall reallocate $74,198 the first year and $98,930 the second year from current educational and general program funds either to support  the initiatives identified in paragraph D.1. and / or to address programs and strategies that serve to advance the objectives of the Higher Education Opportunity Act of 2011."


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 amendment also reflects a reallocation requirement of 1.5 percent in the first year and 2.0 percent in the second year.)