Chief Patron: Gilbert
In-State Undergraduate Tuition Moderation
Item 262.50 #3h
Item 262.50 #3h | First Year - FY2021 | Second Year - FY2022 | |
| Education: Higher Education |
| In-State Undergraduate Tuition Moderation | FY2021 $85,000,000 | FY2022 $85,000,000 | GF |
Language
Page 246, after line 4, insert:
| "262.50 In-State Undergraduate Tuition Moderation (11401) | $85,000,000 | $85,000,000 | |
| Fund Sources:
General
|
$85,000,000
|
$85,000,000
" | |
Page 246, after line 4, insert:
A.1. Out of this appropriation, $85,000,000 each year from the general fund is designated for In-State Undergraduate Tuition Moderation with allocations to public colleges and universities as follows:
Institution | Annual Amount |
Christopher Newport University | $3,427,100 |
College of William and Mary | $409,500 |
George Mason University | $1,000,000 |
James Madison University | $11,114,800 |
Longwood University | $2,631,500 |
University of Mary Washington | $3,655,000 |
Norfolk State University | $1,394,500 |
Old Dominion University | $4,886,000 |
Radford University | $3,433,300 |
University of Virginia | $7,629,600 |
University of Virginia's College at Wise | $1,093,300 |
Virginia Commonwealth University | $18,183,400 |
Virginia Military Institute | $802,600 |
Virginia Polytechnic Institute & State University | $11,374,200 |
Virginia State University | $1,500,200 |
Richard Bland College | $476,300 |
Virginia Community College System | $11,958,700 |
Total | $85,000,000 |
2. Allocations listed in paragraph A.1. of this item shall be granted to public colleges and universities in fiscal year 2021 and 2022 so long as they maintain tuition and mandatory Educational and General (E & G) fee charges for in-state undergraduate students to fiscal year 2020 levels.
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 of each fiscal year.
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. The amounts transferred to each institution shall not revert and shall become part of the institution's base for subsequent biennia.
5. If an institution elects to increase tuition and mandatory E & G fees for in-state undergraduate students in fiscal year 2021 or 2020 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 shall communicate the Board Resolution certifying that decision to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by August 1 of each fiscal year.
7. All unallocated funds shall be transferred to Item 275, the Revenue Cash Reserve by September 1 of each fiscal year."
Explanation
(This amendment requests funding to support in-state undergraduate tuition moderation for each year of the biennium. Allocations are based on each institutions six-year plan and assumed three percent salary increase for all employee groups.)