2016 Session

Budget Amendments - SB30 (Committee Approved)

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SCHEV - Partially Redirect New Funding for the Innovation Fund

Item 146 #2s

Item 146 #2s

First Year - FY2017 Second Year - FY2018
Education: Higher Education
State Council of Higher Education for Virginia FY2017 ($1,500,000) FY2018 ($1,500,000) GF

Page 149, line 11, strike "$20,545,178" and insert "$19,045,178".
Page 149, line 11, strike "$20,529,719" and insert "$19,029,719".

Page 151, strike lines 22-26.

Page 151, after line 21, insert:

“O.  Out of this appropriation, $1,000,000 the first year and $1,000,000 the second year from the general fund is designated to establish and maintain a fund for excellence and innovation.  The fund is designed to stimulate collaboration among public school divisions, community colleges and universities to create and expand affordable student pathways and to pursue shared services and other efficiency initiatives at colleges and universities that lead to measurable cost reductions.  Grants will be awarded on a competitive basis, with eligibility criteria determined by the State Council of Higher Education for Virginia. ".


(This amendment reduces funding by $1.5 million GF in each year for the new innovation fund and redirects the savings to other priorities. The language also allows the funding for the program to be used for innovation for pathways and efficiency initiatives.)