2015 Session

Budget Amendments - HB1400 (Conference Report)

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VCU Faculty Salary

Item 204 #2c

Item 204 #2c

First Year - FY2015 Second Year - FY2016
Education: Higher Education
Virginia Commonwealth University FY2015 $0 FY2016 $1,792,749 GF

Page 179, line 28, strike "$535,493,136" and insert "$537,285,885".
Page 181, after line 42, insert:
"P .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."

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