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2014 Session

Budget Amendments - HB30 (Committee Approved)

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UVA HAC Access and Affordability

Item 193 #4h

Item 193 #4h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
University of Virginia FY2015 $1,721,733 FY2016 $4,234,685 GF

Language
Page 167, line 16, strike "$582,500,367" and insert "$584,222,100".
Page 167, line 16, strike "$582,735,492" and insert "$586,970,177".
Page 169, after line 31, insert:
"S. 1. Out of this appropriation, $1,721,733 the first year and $4,234,685 the second year from the general fund is designated for the following:
a. $1,412,604 the second year from the degree incentive pool for a two percent faculty bonus;
b. $1,068,558 the second year from the degree incentive pool for a two percent classified bonus;
c. $861,733 the first year and $893,523 the second year for the operation and maintenance of new buildings;
d. $860,000 each year to complete the increase in access for in-state undergraduate students begun in the 2011 Session.
2. The University of Virginia shall reallocate up to two percent of its fiscal year 2014 general fund appropriation for educational and general programs to cover the nongeneral fund share of the two percent bonus for faculty and classified.
T. Out of this appropriation, the University of Virginia may use up to $46,000 the first year and $175,000 the second year from the general fund to implement a consortium, coordinated by the State Council of Higher Education for Virginia, between James Madison University, Old Dominion University, University of Virginia, Virginia Tech and the Virginia Community College System.  The purpose of this consortium is to develop and administer a pilot program geared towards helping Virginia’s veterans and military members in applying previous military training and education towards completing existing bachelor’s degree and professional certificate programs."


Explanation
(This amendment provides general fund money to support faculty and staff compensation, in-state undergraduate enrollment, the operations and maintenance of new buildings, additional full-time faculty, retention improvement, institution-specific initiatives and in-state undergraduate tuition moderation.)