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2014 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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SCHEV Evaluation

Item 144 #1h

Item 144 #1h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
State Council of Higher Education for Virginia FY2015 $350,000 FY2016 $350,000 GF
FY2015 2.00 FY2016 2.00 FTE

Language
Page 143, line 23, strike "$15,187,343" and insert "$15,537,343".
Page 143, line 23, strike "$15,202,320" and insert "$15,552,320".
Page 145, strike lines 8 through 15 and insert:
"M. 1. Out of this appropriation, $350,000 and two positions each year from the general fund is designated to support the Council's capacity to undertake higher education research and collaborative initiatives.
2. The State Council of Higher Education for Virginia (SCHEV), in consultation with the Secretary of Education, Department of Planning and Budget, House Appropriations Committee, Senate Finance Committee, and institutions of higher education, shall evaluate the most effective use of instructional technologies such as Massive Open Online Courses (MOOC) in providing low-cost, quality education leading to degrees and certifications.  SCHEV shall report its findings to the Chairmen of the House Appropriations and Senate Finance Committees by December 1, 2014.
N. The State Council of Higher Education for Virginia (SCHEV), in consultation with the Secretary of Education, Department of Planning and Budget, House Appropriations Committee, Senate Finance Committee, and institutions of higher education, shall evaluate alternatives to the current faculty salary peer process including the impact of factors such as cost of living indices, faculty rank and discipline mix, private institutions and other comparative salary data.  SCHEV shall report its findings to the Chairmen of the House Appropriations and Senate Finance Committees by December 1, 2014.
O. The State Council of Higher Education for Virginia shall support the Auditor of Public Accounts in determining a standardized reporting of intercollegiate athletic revenue and expense data.
P. 1. The State Council of Higher Education for Virginia, in collaboration with
the Virginia Economic Development Partnership Authority
and with the cooperation of the University of Virginia and Virginia Commonwealth University, shall
report by November 1, 2015 on the effectiveness of the business accelerator programs at the University of V
irginia and Virginia Commonwealth University.
2. The report shall include (i) an explanation of the overall goals of the program, describing whether the program is focused on job creation and capital investment or investments are governed by ancillary goals of community development and revitalization or the development of a particular industry sector in the Commonwealth; (ii) summary information, including the total amount of grant funding made available for the program, the total dollar amount of the grants awarded, the total number of grants awarded, the average dollar amount approved per job and average wage expected, where applicable, and any grant amounts repaid; (iii) for projects that have reached completion or a performance milestone, a comparison of the project's actual performance measures, including the actual number of jobs created, the average wages paid, and the amount of capital investment, with the expected number of jobs, assumed average wage, and planned capital investment when the grant award was made, and the proportion of projects that met or exceeded the project-specific goals relevant to the program; (iv) for all projects that have reached completion or a performance milestone, an assessment of the actual rate of return on the Commonwealth's investment compared with the expected rate of return when the grant award was made; and (v) for each project that has reached completion or a performance milestone, an estimate of the project's total economic impact measured by the Virginia Economic Development Partnership Authority on the basis of estimated state tax revenues generated directly or indirectly by the project, where applicable."


Explanation
(This amendment provides funds to support the State Council of Higher Education for Virginia in evaluating the use of Massive Open Online Courses and supporting the Auditor of Public Accounts in standardizing the reporting of intercollegiate athletics, revising the faculty salary peer process and enables the Council to conduct a variety of studies and collaborative efforts including recommendations from the Joint Legislative Audit and Review Commission.)