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2015 Session

Budget Amendments - HB1400 (Conference Report)

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VT Faculty Salary

Item 221 #2c

Item 221 #2c

First Year - FY2015 Second Year - FY2016
Education: Higher Education
Virginia Polytechnic Institute and State University FY2015 $0 FY2016 $1,648,534 GF

Language
Page 191, line 3, strike "$590,079,236" and insert "$591,727,770".
Page 192, after line 25, insert:
"K. 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.)