LU - HAC Access and Affordability

Item 173 #1h

Language
Page 162, line 45, strike "$69,223,995" and insert "$70,107,473".
Page 162, line 45, strike "$69,226,107" and insert "$70,468,174".

Page 163, after line 16, insert:

"C.  Out of this appropriation, $883,478 the first year and $1,242,067 the second year from the general fund is designated to support the goals of access, affordability, quality and increased degrees.  Funds provided in this item support the institution's priorities to hire new faculty, to support operations and maintenance of new facilities, and to increase student retention and success.  Given the increased general fund, it is the intent of the General Assembly that in-state undergraduate tuition should not increase by more than 3.0%  in each year.  However, a formal request and justification for increases that exceed this percent may be submitted by the institution to the Governor for his approval.  The Director, Department of Planning and Budget, shall report to the Chairmen of the House Appropriations and Senate Finance Committees by August 1, 2016 on the receipt and status of such requests."