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2025 Session

Budget Amendments - HB1600 (Conference Report)

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VT - Increased enrollment at Virginia Tech Carilion School of Medicine (VTCSOM)

Item 211 #1c

Item 211 #1c

First Year - FY2025 Second Year - FY2026
Education: Higher Education
Virginia Polytechnic Institute and State University FY2025 $6,500,000 FY2026 $0 GF

Language
Page 281, line 6, strike "$1,018,752,882" and insert "$1,025,252,882".

Page 282, after line 49, insert:

"K. The Virginia Tech Carilion School of Medicine is hereby authorized to transfer funds to the Department of Medical Assistance Services to fully fund the state share for Medicaid supplemental payments and managed care directed payments to primary teaching hospitals affiliated with Virginia Tech Carilion School of Medicine. The funds to be transferred must comply with 42 CFR 433.51 and 433.54. Such funds may not be paid from any private agreements with Virginia Tech Carilion School of Medicine  that are in excess of fair market value or that alleviate pre-existing financial burdens of the school. The Virginia Tech Carilion School of Medicine is authorized to use general fund dollars to accomplish this transfer. As part of interagency agreements, the department shall require the public entities to attest to compliance with applicable CMS criteria."



Explanation

(This amendment provides funding to support enrollment growth at the Virginia Tech Carilion School of Medicine (VTCSOM). The additional general fund will support expansion of faculty and support staff, development of accelerated pathways to completion, and ability to provide for lower tuition for in-state students.)