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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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ODU Conference Package

Item 180 #1c

Item 180 #1c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Old Dominion University FY2013 ($600,733) FY2014 ($600,733) GF

Language
Page 143, line 15, strike "$221,457,708" and insert "$220,856,975".
Page 143, line 15, strike "$221,463,403" and insert "$220,862,670".
Page 144, strike lines 13 through 19.
Page 144, line 20, strike "H" and insert "G".
Page 144, strike lines 24 through 40 and insert:
"H.1. Out of this appropriation, $3,539,864 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $1,709,439 each year from the general fund is designated to address the projected growth in transfer students, efforts to improve retention and graduation through the addition of upper level courses, and increased advising at the sophomore level.
I.1. Out of this appropriation, $1,373,927 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by the Old Dominion University in the fall 2011.  Old Dominion University shall utilize these funds to implement expansion of on-line degree programs in high demand fields, increased STEM production, and increased modeling and simulation capacity.
2. Old Dominion University shall reallocate $1,361,685 the first year and $1,815,581 the second year from current educational and general program funds either to support  the initiatives identified in paragraph I.1. and / or to address programs and strategies that serve to advance the objectives of the Higher Education Opportunity Act of 2011.
3.  Out of this appropriation, $220,000 from the general fund each year is designated to provide opportunity for 80 students per year to be engaged in STEM education using aerospace, high tech science, technology and engineering in partnership with NASA Wallops Flight Facility.  Old Dominion University will collaborate with the Virginia Space Grant Consortium and STEM educators to identify the students who will participate in the program each year.  The funding in paragraph I.3. will not be considered as a resource for purposes of funding guidelines."


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.)