2015 Session

Budget Amendments - HB1400 (Committee Approved)

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NSU HAC Operating

Item 174 #4h

Item 174 #4h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
Norfolk State University FY2015 $0 FY2016 $500,337 GF
FY2015 $0 FY2016 $625,000 NGF

Page 164, line 26, strike "$76,214,318" and insert "$77,339,655".
Page 165, after line 32, insert:
"H.1. Out of this appropriation, $500,337 the second year from the general fund is provided to address restoration of proposed budget cuts, to incentivize growth of transfer students and cost associated with improving retention.
2.  Norfolk State University is authorized to utilize
the amount provided in paragraph H.1. of this item in the form of student financial assistance.  However, should the institution decide to use these funds as financial aid, it shall be for the fiscal year only and not a permanent transfer."

(This amendment provides additional general fund money to restore a portion of the proposed budget reductions in the introduced budget and to incentivize growth in transfer students. The amendment also makes a technical correction to nongeneral fund appropriation.)