In-State Undergraduate Tuition Moderation and Six-Year Plan Funding Pool
Item 262.50 #1h
Item 262.50 #1h | First Year - FY2021 | Second Year - FY2022 | |
| Education: Higher Education |
| In-State Undergraduate Tuition Moderation | FY2021 $61,750,000 | FY2022 $50,000,000 | GF |
Language
Page 246, after line 4, insert:
| "262.50 In-State Undergraduate Tuition Moderation and Six-Year Plan Funding Pool (11401) | $61,750,000 | $50,000,000 | |
| Fund Sources:
General
|
$61,750,000
|
$50,000,000
" | |
Page 246, after line 4, insert:
Authority: Discretionary Inclusion
A.1. Out of this appropriation, $61,750,000 the first year from the general fund is designated for In-State Undergraduate Affordability and Six-Year Plan Funding Pool and to implement the salary actions contained in Item 477 of this Act. Allocations to public colleges and universities from this Item are as follows:
Institution | Annual Amount |
Christopher Newport University | $2,800,000 |
College of William and Mary | 700,000 |
George Mason University | 500,000 |
James Madison University | 8,000,000 |
Longwood University | 2,000,000 |
University of Mary Washington | 3,150,000 |
Norfolk State University | 1,000,000 |
Old Dominion University | 3,000,000 |
Radford University | 2,000,000 |
University of Virginia | 7,000,000 |
University of Virginia's College at Wise | 900,000 |
Virginia Commonwealth University | 17,300,000 |
Virginia Military Institute | 500,000 |
Virginia Polytechnic Institute & State University | 5,300,000 |
Virginia State University | 1,500,000 |
Richard Bland College | 400,000 |
Virginia Community College System | 5,700,000 |
Total | $61,750,000 |
2. a. Allocations listed in paragraph A.1. of this item shall be granted to public colleges and universities in fiscal year 2021 so long as they maintain all tuition and mandatory Educational and General (E & G) fee charges to include tuition differentials for in-state undergraduate students to fiscal year 2020 levels.
b. In addition to the allocation from this item, George Mason University is provided $10,000,000 from the general fund under Item 171, Old Dominion University is provided $10,000,000 from the general fund under Item 187, and the Virginia Community College System also is provided $4,000,000 from the general fund under Item 220 in order to effectuate the goals of this item.
3. The State Council of Higher Education for Virginia (SCHEV) shall certify whether each public college and university has met the tuition freeze requirements of this fund. SCHEV shall report its findings to the Governor, the Chairs of the House Appropriations and Senate Finance and Appropriations Committees, and the Director of the Department of Planning and Budget by July 1, 2020.
4. Upon certification by SCHEV that the requirements in paragraph A.2. have been met, the Director, Department of Planning and Budget, shall transfer the amounts listed above to each of the certified institutions.
5. If an institution elects to increase tuition and mandatory E & G fees for in-state undergraduate students in fiscal year 2021 above the fiscal year 2020 levels, the institution shall not be eligible for an allocation from the fund.
6. The Rector, Board of Visitors of institutions choosing to forego allocations from this item and electing to increase tuition and mandatory E & G fees for in-state undergraduate students in fiscal year 2021 shall communicate the Board Resolution certifying that decision to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by August 1, 2020.
7. All unallocated funds shall be proportionally redistributed to the remaining institutions that elected to maintain tuition and mandatory Educational and General (E & G) fees for in-state undergraduate students at fiscal year 2020 levels.
B. 1. Out of this appropriation, $50,000,000 the second year from the general fund is designated for In-State Undergraduate Affordability and Six-Year Plan Funding Pool.
2. Allocations from the amount listed in paragraph B.1. of this item shall be granted to public colleges and universities in fiscal year 2022 so long as they limit increases for all tuition and mandatory Educational and General (E & G) fee charges to include tuition differentials for in-state undergraduate students to two percent.
3. Allocation distribution and procedures for the second year shall be determined by the 2021 Session of the General Assembly."
Explanation
(This amendment requests funding to support in-state undergraduate tuition moderation and six-year plan funding for each year of the biennium. In the first year, amounts included in this item along with separate appropriations for George Mason University in Item 171, Old Dominion University in Item 187, and the Virginia Community College System in Item 220 will allow institutions to fully fund their six-year plans to include salary increases, base operating costs, institution-specific initiatives, and undergraduate financial aid without increasing in-state undergraduate tuition and fees. In the second year, amounts included in this item along with separate appropriations for George Mason University in Item 171, Old Dominion University in Item 187, and the Virginia Community College System in Item 220 will allow institutions to fully fund their six-year plans to include salary increases, base operating costs, institution-specific initiatives, and undergraduate financial aid while limiting in-state undergraduate tuition and fee increases to two percent. Actual allocations and procedures for the second year will be determined by the 2021 Session of the General Assembly.)