2004 Special Session I

Budget Bill - HB5001 (Chapter 4)

University of Virginia's College at Wise

Item 221

Item 221

First Year - FY2005Second Year - FY2006
Educational and General Programs (10000)$14,663,506$15,212,139
Higher Education Instruction (100101)FY2005 $6,509,248FY2006 $7,060,660
Higher Education Academic Support (100104)FY2005 $2,708,696FY2006 $2,708,696
Higher Education Student Services (100105)FY2005 $1,312,062FY2006 $1,312,062
Higher Education Institutional Support (100106)FY2005 $2,359,344FY2006 $2,356,565
Operation and Maintenance of Plant (100107)FY2005 $1,774,156FY2006 $1,774,156
Fund Sources:  
GeneralFY2005 $9,664,070FY2006 $9,776,019
Higher Education OperatingFY2005 $4,999,436FY2006 $5,436,120

Authority: §§ 23-91.20 through 23-91.23, Code of Virginia.

A. The University of Virginia's College at Wise shall report to the State Council of Higher Education for Virginia no later than May 1 of each year its tuition, fee, and all other nongeneral fund revenues, in a manner as prescribed by the State Council of Higher Education for Virginia. The report shall include revenues from the current fiscal year and a projection of anticipated revenues for the next fiscal year.

B. Out of this appropriation, $465,000 the first year and $515,000 the second year from the general fund is provided to address base funding needs identified by the Joint Subcommittee Studying Higher Education Funding Policies and to mitigate the pressure on student tuition and fees. These amounts reflect a portion of the additional general fund support needed to provide adequate base support of the institution's core academic function. These additional funds will allow the institution to serve more students, retain existing students more effectively, increase the number of students receiving a degree or certificate, and enhance the quality and rigor of its academic programs. The Secretary of Education shall monitor the institution's efforts to meet these objectives and other statewide needs.