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2018 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Saslaw
Co-Patron(s): Stanley
SCHEV - Fund for Excellence and Innovation

Item 143 #6s

Item 143 #6s

First Year - FY2019 Second Year - FY2020
Education
State Council of Higher Education for Virginia FY2019 $175,000 FY2020 $275,000 GF

Language
Page 154, line 25, strike "$16,016,435" and insert "$16,191,435".
Page 154, line 25, strike "$16,345,107" and insert "$16,620,107".

Item 143, page 156, line 3, strike the first "$225,000" and insert "$400,000".

Item 143, page 156, line 3, strike the second "$225,000" and insert "$500,000".



Explanation

(This amendment increases the amount dedicated to the Fund for Excellence and Innovation by $175,000 GF the first year and $275,000 GF the second year. The purpose of the Fund is 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. The introduced budget includes $225,000 GF in each year. The original program, funded in the 2016-18 biennium, initially included $500,000 GF in each year prior to budget reductions. This amendment fully restores the funding in the second year to the original level.)