2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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VT Conference Package

Item 223 #2c

Item 223 #2c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Virginia Polytechnic Institute and State University FY2013 ($1,221,150) FY2014 ($1,221,150) GF

Page 165, line 41, strike "$521,061,374" and insert "$519,840,224".
Page 165, line 41, strike "$521,079,714" and insert "$519,858,564".
Page 166, strike lines 46 through 51.
Page 167, strike lines 1 through 7 and insert:
"K.1. Out of this appropriation, $1,725,992 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $685,667 each year from the general fund is designated to continue the increase in access for in-state undergraduate students begun in the 2011 Session, to address the growth in transfer students and support efforts to improve retention and graduation through enhanced student advising services.
L.1. Out of this appropriation, $1,175,420 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by Virginia Tech in the fall 2011.  Virginia Tech shall utilize these funds to implement new and expanded summer academic opportunities, expand and enhance STEM degree production and support the Virginia Vital Information for Education and Work (VIEW) Program to provide students, parents, counselors, and teachers with access to resources for career exploration, college and work force readiness, and STEM career preparation.
2. Virginia Tech shall reallocate $1,989,523 the first year and $2,652,698 the second year from current educational and general program funds either to support  the initiatives identified in paragraph L.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, $300,000 each year from the general fund is designated to develop a STEM Industry Internship program in partnership with the Virginia Space Grant Consortium, Virginia Regional Technology Councils and industry.  The program will provide 75 undergraduate students across the Commonwealth an opportunity to centrally apply for real world work experience and provide Virginia's industries with access to qualified interns.  Virginia Tech will partner with the Virginia Space Grant Consortium and work with Virginia’s Regional Technology Councils who will serve as the program’s conduit to industry, advertising the program and linking with interested industry partners.  The funding in paragraph L.3. will not be considered as a resource for purposes of funding guidelines."

(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.)