Menu
2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

View Budget Item
View Budget Item amendments

VSU Conference Package

Item 229 #2c

Item 229 #2c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Virginia State University FY2013 $119,329 FY2014 $119,329 GF

Language
Page 169, line 41, strike "$68,559,111" and insert "$68,678,440".
Page 169, line 41, strike "$68,560,482" and insert "$68,679,811".
Page 170, strike lines 36 through 50 and insert:
"G.1. Out of this appropriation, $328,814 each year from the general fund is designated for base operating support.
2.  Out of this appropriation, $962,789 each year from the general fund is designated to address the projected growth in transfer students and efforts to improve retention and graduation through enhanced advising, summer bridge programs the VSU Cohort Program.
H.1. Out of this appropriation, $440,187 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by Virginia State University in the fall 2011.  Virginia State University shall utilize these funds to restructure the summer session and create a hybrid trimester system in order to decrease time to degree, to support faculty research initiative grants to multi-disciplinary teams and to develop a center of logistics research at Fort Lee in cooperation with the University of Virginia and Longwood University.
2. Virginia State University shall reallocate $305,385 the first year and $407,180 the second year from current educational and general program funds either to support  the initiatives identified in paragraph H.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.)