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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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JMU Conference Package

Item 168 #2c

Item 168 #2c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
James Madison University FY2013 $154,995 FY2014 $154,995 GF

Language
Page 138, line 2, strike "$234,698,652" and insert "$234,853,647".
Page 138, line 2, strike "$234,704,538" and insert "$234,859,533".
Page 138, strike lines 31 through 45 and insert:
"D.1. Out of this appropriation, $1,647,698 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $1,820,338 each year from the general fund is designated to continue the increase in access for in-state undergraduate students begun in the 2011 Session, support the projected growth in transfer students and improve retention and graduation through additional advising for both transfers and  students in high demand majors.
E.1. Out of this appropriation, $991,683 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by the James Madison University in the fall 2011.  James Madison University shall utilize these funds to implement expansion of nursing programs and to expand existing programs in computer forensics and biophysical chemistry.
2. James Madison University shall reallocate $933,998 the first year and $1,245,331 the second year from current educational and general program funds either to support  the initiatives identified in paragraph E.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.)