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2013 Session

Budget Amendments - HB1500 (Conference Report)

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ODU - Eliminate Additional TJ 21 Language and Required Reallocation (language only)

Item 180 #1c

Item 180 #1c

Education: Higher Education
Old Dominion University

Language
Page 169, line 30, unstrike "$1,815,581".
Page 169, line 31, strike "$4,538,952".
Page 169, after line 33, insert:
"3. Old Dominion University may reallocate up to an additional 1.5 percent  from current educational and general program funds in the second year 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, strike lines 41 through 49.


Explanation
(This amendment eliminates the additional language associated with set percentages for the funding categories envisioned under the Higher Education Opportunity Act of 2011 (TJ 21) and the increased reallocation requirement that was included in the introduced budget. An additional 1.5 percent of current educational and general program funds in the second year may be reallocated to institutional priorities.)