2020 Special Session I

Budget Amendments - HB5005 (Conference Report)

View Budget Item
View Budget Item amendments

Financial Sustainability Reviews (language only)

Item 152 #1c

Item 152 #1c

State Council of Higher Education for Virginia


At the end of Item 152, insert:

"T. During the 2020-2022 biennium, the Council shall coordinate (i) the dissemination to the institutions the measures of financial status included in the most recent Auditor of Public Accounts Higher Education Comparative Report, and (ii) collection of institutions' resulting financial sustainability reviews and possible action plans, to include if warranted discussion of a full range of potential structural options to improve long-term financial health. The six-year plan review group identified under § 23.1-306 shall review such submissions."


(This amendment directs SCHEV to disseminate to institutions certain comparative financial measures and to collect financial sustainability reviews and action plans, for review in addition to on-going existing six-year plans.)