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2016 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Wagner
Co-Patron(s): Alexander, Lewis
EVMS - Fund Base Adequacy

Item 247 #1s

Item 247 #1s

First Year - FY2017 Second Year - FY2018
Education
Eastern Virginia Medical School FY2017 $1,380,000 FY2018 $2,760,000 GF

Language
Page 198, line 33, strike "$24,275,260" and insert "$25,655,260".
Page 198, line 33, strike "$25,045,450" and insert "$27,805,450".



Explanation

(This amendment would provide an additional almost $1.4 million GF in the first year and almost $2.8 million GF in the second year to get Eastern Virginia Medical School to get to 100 percent of their base adequacy calculated need over a two-year period in this biennium.  The introduced budget contains $770,246 GF the first year and over $1.5 million GF the second year for this purpose to phase-in full funding under the calculation over a four-year period.)