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2016 Session

Budget Amendments - HB30 (Committee Approved)

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UVA-Wise - HAC Access and Affordability

Item 203 #1h

Item 203 #1h

First Year - FY2017 Second Year - FY2018
Education
University of Virginia's College at Wise FY2017 $418,973 FY2018 $623,804 GF

Language
Page 175, line 13, strike "$25,953,537" and insert "$26,372,510".
Page 175, line 13, strike "$25,434,431" and insert "$26,058,235".

Page 175, after line 47, insert:

"F.  Out of this appropriation, $418,973 the first year and $623,804 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, to increase student retention and success and to support in-state undergraduate enrollment growth.  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."



Explanation

(This amendment provides additional general funds to support the goals of access, affordability, quality and increased degrees. It also reflects legislative intent with regard to in-state undergraduate tuition increases.)