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2016 Session

Budget Amendments - HB30 (Floor Approved)

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VCU - HAC Access and Affordability

Item 207 #2h

Item 207 #2h

First Year - FY2017 Second Year - FY2018
Education
Virginia Commonwealth University FY2017 $5,462,450 FY2018 $7,860,670 GF

Language
Page 176, line 40, strike "$572,632,080" and insert "$578,094,530".
Page 176, line 40, strike "$572,639,674" and insert "$580,500,344".

Page 177, line 43, strike the first "$253,244" and insert "$310,244".

Page 177, line 43, strike the second "$253,244" and insert "$310,244".

Page 178, after line 39, insert:

"M.  Out of this appropriation, $4,905,450 the first year and $7,303,670 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.  In addition funding under this item may be used to support fellowship programs in Gero-Psychiatry and Addiction Psychiatry.  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.

N. Out of this appropriation, $125,000 each year from the general fund is designated to support a partnership between Virginia Commonwealth University and the Virginia Repertory Theatre at the historic November Theatre (formally known as the Empire Theatre).

O. Out of this appropriation, $250,000 each year from the general fund is designated for the Commonwealth Center for Advanced Logistics to serve as state matching funds for industry research and membership fees.

P. Out of this appropriation, $125,000 each year from the general fund is designated for the Commonwealth Center for Advanced Logistics to support the traffic optimization modeling and simulation project at the Port of Virginia to improve port operations."



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.)