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2015 Session

Budget Amendments - HB1400 (Conference Report)

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UVA Faculty Salary

Item 193 #4c

Item 193 #4c

First Year - FY2015 Second Year - FY2016
Education: Higher Education
University of Virginia FY2015 $0 FY2016 $1,271,036 GF

Language
Page 172, line 43, strike "$591,577,847" and insert "$592,848,883".
Page 174, after line 49, insert:
"Q. In addition to the amounts provided in this item, and authorized pursuant to Item 467, P.7., the institution may reallocate from  educational and general program funds in the second year to provide an additional 2.50 percent average faculty salary increase for teaching and research faculty.  The institution may provide these increases consistent with its faculty pay plan."


Explanation
(This amendment provides additional general funds to implement a faculty salary increase.)