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2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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UMW Conference Package

Item 188 #1c

Item 188 #1c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
University of Mary Washington FY2013 ($133,625) FY2014 ($133,625) GF

Language
Page 147, line 32, strike "$59,830,688" and insert "$59,697,063".
Page 147, line 32, strike "$59,832,624" and insert "$59,698,999".
Page 148, strike lines 11 through 25 and insert:
"D.1. Out of this appropriation, $443,115 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $211,038 each year from the general fund is designated to address the projected growth in transfer students and efforts to improve retention and graduation through the first year experience program.
E.1. Out of this appropriation, $467,402 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by the University of Mary Washington in the fall 2011.  University of Mary Washington shall utilize these funds to support changes in academic program needs through adding new faculty in the sciences, mathematics and computer science.
2. The University of Mary Washington shall reallocate $270,930 the first year and $361,240 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.)