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2016 Session

Budget Amendments - HB30 (Conference Report)

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VT - Access and Affordability

Item 224 #1c

Item 224 #1c

First Year - FY2017 Second Year - FY2018
Education: Higher Education
Virginia Polytechnic Institute and State University FY2017 $2,371,581 FY2018 $4,725,838 GF

Language
Page 187, line 5, strike "$644,892,906" and insert "$647,264,487".
Page 187, line 5, strike "$644,903,089" and insert "$649,628,927".

Page 188, after line 26, insert:

"K. Out of this appropriation, $5,113,251 the first year and $7,487,508 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.

Page 188, strike lines 13 through 19."



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.)