2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Massie
UVA STEM Faculty Recruitment Packages

Item C-14 #3h

Item C-14 #3h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
University of Virginia FY2015 $4,300,000 FY2016 $4,300,000 GF

Page 427, after line 37, insert:
"In accordance with the intent and purpose of Chapter 597, Acts of Assembly of 1986, the Virginia College Building Authority shall finance $2,700,000 of equipment each year for the University of Virginia per §23-30.28, Code of Virginia, and according to terms and conditions approved through the Commonwealth's budget and appropriation process. Bonds or notes issued by the Virginia College Building Authority to finance this equipment may be sold and issued at the same time with other obligations of the Authority as separate issues or as a combined issue. The University of Virginia shall make available such additional detail on specific equipment to be purchased as may be requested by the Governor or the General Assembly.  Procedures established under Item 251 of this act shall apply to these allocations."

"C-14.10 Lab Renovations Blanket Authority
Fund Sources: General

(This amendment requests $4.3 million of additional general fund and $2.7 million of additional equipment trust fund allocations for new STEM faculty start-up packages.)