1998 Session

Budget Bill - HB30 (Introduced)

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James Madison University

Item 218

Item 218

First Year - FY1999Second Year - FY2000
Educational and General Programs (10000)$102,149,161$103,515,707
Higher Education Instruction (100101)FY1999 $61,879,485FY2000 $64,727,233
Higher Education Research (100102)FY1999 $227,613FY2000 $227,613
Higher Education Public Services (100103)FY1999 $199,266FY2000 $199,266
Higher Education Academic Support (100104)FY1999 $13,576,295FY2000 $13,620,358
Higher Education Student Services (100105)FY1999 $5,196,845FY2000 $5,216,873
Higher Education Institutional Support (100106)FY1999 $12,625,619FY2000 $11,060,298
Operation and Maintenance of Plant (100107)FY1999 $8,444,038FY2000 $8,464,066
Fund Sources:  
GeneralFY1999 $52,502,758FY2000 $52,861,400
Higher Education OperatingFY1999 $49,646,403FY2000 $50,654,307

Authority: Title 23, Chapter 12.1, Code of Virginia.

A. Out of this appropriation, $639,909 the first year from the general fund and $122,920 the first year from nongeneral funds and $515,453 the second year from the general fund and $122,920 the second year from nongeneral funds is estimated for lease payments to support the cost of equipment purchased with the proceeds of bonds issued by the Virginia College Building Authority. The Director of the Department of Planning and Budget shall transfer to the Virginia College Building Authority on July 1, 1998, the amounts in the first year, and on July 1, 1999, the amounts in the second year to support the authority's debt obligation.

B. Out of this appropriation, $3,079,040 from the general fund is provided in each year of the biennium based on institutional performance. This appropriation shall be used for the institution's highest priorities, including incentives to attract and retain quality faculty, instructional technology, curricular and instructional improvements, and continued progress in attaining the highest level of academic quality. Prior to the allotment of funds on July 1, 1998 and July 1, 1999, the institution shall submit an operating plan to the Department of Planning and Budget delineating the uses of these funds.