Menu
2016 Session

Budget Amendments - HB30 (Floor Approved)

View Budget Item
View Budget Item amendments

VMI - HAC Access and Affordability

Item 219 #2h

Item 219 #2h

First Year - FY2017 Second Year - FY2018
Education
Virginia Military Institute FY2017 $299,768 FY2018 $446,321 GF

Language
Page 185, line 31, strike "$38,090,033" and insert "$38,389,801".
Page 185, line 31, strike "$38,091,414" and insert "$38,537,735".

Page 186, after line 7, insert:

"D. Out of this appropriation, $299,768 the first year and $446,321 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."



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.)