LU - Access and Affordability

Item 173 #1c

Language
Page 162, line 45, strike "$69,223,995" and insert "$69,428,041".
Page 162, line 45, strike "$69,226,107" and insert "$69,818,949".

Page 163, after line 16, insert:

"C.  Out of this appropriation, $847,736 the first year and $1,236,532 the second year from the general fund is designated to support the goals of access, affordability, quality and increased degrees.  Given the increased investment from the general fund during this biennium, it is the expression of the General Assembly that the institution seek to minimize tuition and fee increases for in-state undergraduate students.  This language shall be in effect for the 2016-2018 biennium only.  The Board of Visitors shall set the tuition rates for the institution, and forward their action to the State Council of Higher Education for Virginia within three business days of such action.  The Council shall analyze the Board's actions and report such analysis to the Chairmen of House Appropriations and Senate Finance Committees within three business days of receipt, at which point, the Board's action shall be final.    The Director of the Council shall report the final Board actions to the Chairmen by August 1, 2016 and August 1, 2017."