2013 Session

Budget Amendments - HB1500 (Committee Approved)

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ODU Operating

Item 180 #2h

Item 180 #2h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
Old Dominion University FY2013 $0 FY2014 $102,741 GF

Page 168, line 13, strike "$231,878,330" and insert "$231,981,071".
Page 169, line 31, strike, "$4,538,952" and insert "$1,815,581".
Page 169, after line 33, insert:
"3.  Old Dominion Newport University shall reallocate up to an additional $2,723,371 the second year from current educational and general program funds to address faculty compensation issues, operation and maintenance of new facilities or other institutional initiatives or priorities."
Page 169, line 34, strike "3" and insert "4".
Page 169, line 34, after "$220,000", insert:
"the first year and $320,000 the second year".
Page 169, line 34, strike "each year".
Page 169, strike lines 41 through 49.

(This amendment provides additional operating funds and changes the proposed reallocation requirement to allow an institution to address their priorities. A portion of the additional operating funds is intended to expand the STEM education partnership between Old Dominion and NASA Wallops Island in the second year.)