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2023 Session

Budget Amendments - SB800 (Committee Approved)

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ODU - Transfer Merger Funds From EVMS

Item 179 #2s

Item 179 #2s

First Year - FY2023 Second Year - FY2024
Education: Higher Education
Old Dominion University FY2023 $0 FY2024 $10,000,000 GF

Language
Page 237, line 19, strike "$358,774,129" and insert "$368,774,129".

Page 239, after line 16, insert:

"M. 1. Out of this appropriation, $10,000,000 the second year from the general fund is appropriated to support the one-time costs associated with planning and initial integration activities necessary to ensure a successful launch of the Eastern Virginia Health Sciences Center at Old Dominion University.

2. Eastern Virginia Medical School and Old Dominion University shall provide the following deliverables no later than August 1, 2023, to the Governor and the Chairmen of the Senate Committee on Finance and Appropriations, the Senate Committee on Education and Health, the House Committee on Appropriations, and the House Committee on Health, Welfare and Institutions: (i) a five-year integrated strategic and financial plan that defines how the initial and ongoing operations, strategic investments, and capital requirements will properly fund the Eastern Virginia Health Sciences Center at Old Dominion University; (ii) metrics tied to the strategic and financial plan that will measure the improved health care and community outcomes in the surrounding region resulting from the creation of the Eastern Virginia Health Sciences Center at Old Dominion University; (iii) a comprehensive funding plan that supports the execution of such strategic and financial plan and includes all parties necessary to ensure a successful outcome; (iv) a time and effort matrix that distributes positions and costs by appropriate fund sources and that includes educational and general programs, grants and contracts, practice plan clinical activity, hospital affiliations, and other health care affiliation activity; and (iv) a governance model that aligns all parties necessary to ensure a successful outcome.

3. Upon written approval of such deliverables by the Governor and the Chairs of the Senate Committee on Finance and Appropriations, the Senate Committee on Education and Health, the House Committee on Appropriations, and the House Committee on Health, Welfare and Institutions, Old Dominion University and Eastern Virginia Medical School shall initiate the necessary next steps to move forward with a merger to create the Eastern Virginia Health Sciences Center at Old Dominion University.

4. Funding provided for the merger shall be used once the merger approval process is complete."

Page 289, strike lines 44-62.

Page 290, strike lines 1-14.




Explanation

(This amendment redirects funding provided in the introduced budget from Eastern Virginia Medical School to Old Dominion for the establishment of the Eastern Virginia Health Sciences Center at Old Dominion University. Funds shall be used to support the expenses related to the merger upon completion of the written approval process.)