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2016 Session

Budget Amendments - HB30 (Floor Approved)

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VT - HAC Access and Affordability

Item 224 #1h

Item 224 #1h

First Year - FY2017 Second Year - FY2018
Education
Virginia Polytechnic Institute and State University FY2017 $6,135,288 FY2018 $8,205,873 GF

Language
Page 187, line 5, strike "$644,892,906" and insert "$651,028,194".
Page 187, line 5, strike "$644,903,089" and insert "$653,108,962".

Page 188, after line 26, insert:

"K. Out of this appropriation, $6,135,288 the first year and $8,205,873 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 support high-performance computing and to expand and enhance STEM-H degree production 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.)