Maintain Affordable Access
Item 262.80 #1h
Item 262.80 #1h | First Year - FY2021 | Second Year - FY2022 | |
| Education |
| Maintain Affordable Access | FY2021 $80,000,000 | FY2022 $0 | GF |
Language
Page 98, after line 25, insert:
| "262.80 Education and General Program (10000) | $80,000,000 | $0 | |
| Fund Sources:
General
|
$80,000,000
|
$0
" | |
Page 98, after line 25, insert:
"Authority: Discretionary Inclusion
A. Out of this appropriation, $80,000,000 the first year from the general fund is designated to maintain affordable access to public colleges and universities. Allocations from this item are as follows:
Institution | FY 2021 Allocation |
Christopher Newport University | $2,400,000 |
College of William and Mary | 3,500,000 |
George Mason University | 10,000,000 |
James Madison University | 5,700,000 |
Longwood University | 1,500,000 |
University of Mary Washington | 3,300,000 |
Norfolk State University | 2,000,000 |
Old Dominion University | 10,000,000 |
Radford University | 4,900,000 |
University of Virginia | 3,000,000 |
University of Virginia's College at Wise | 1,000,000 |
Virginia Commonwealth University | 10,000,000 |
Virginia Military Institute | 1,000,000 |
Virginia Polytechnic Institute & State University | 4,000,000 |
Virginia State University | 1,700,000 |
Richard Bland College | 1,000,000 |
Virginia Community College System | 15,000,000 |
Total | $80,000,000 |
B. Institutions may use these funds to support operations, enhance financial aid, or for other purposes to address the impact of the COVID-19 pandemic.
C. Upon the petition of a public institution of higher education and upon a determination by the six-year plan review group identified under § 23.1-306, Code of Virginia that the institution is likely to experience a severe financial exigency prior to the next scheduled session of the General Assembly, the Governor may authorize the Treasurer to provide bridge financing to such institution from the reserve established under § 2.2-1831.2, Code of Virginia, subject to such terms and conditions as the review group may recommend and the Governor may approve."
Explanation
(This amendment provides general funds to support public colleges and universities to maintain affordable access to the institutions.)