2007 Session

Budget Bill - HB1650 (Chapter 847)

The College of William and Mary in Virginia

Item 152

Item 152

First Year - FY2007Second Year - FY2008
Educational and General Programs (10000)$120,739,310
Higher Education Instruction (100101)FY2007 $69,536,586FY2008 $73,033,454
Higher Education Research (100102)FY2007 $1,343,672FY2008 $1,343,672
Higher Education Public Services (100103)FY2007 $8,298FY2008 $8,298
Higher Education Academic Support (100104)FY2007 $20,365,505FY2008 $20,365,505
Higher Education Student Services (100105)FY2007 $5,043,853FY2008 $5,043,853
Higher Education Institutional Support (100106)FY2007 $12,412,932FY2008 $12,525,849
Operation and Maintenance of Plant (100107)FY2007 $12,028,464
FY2008 $12,304,441
Fund Sources:  
GeneralFY2007 $46,298,664
FY2008 $47,353,412
Higher Education OperatingFY2007 $74,189,427
FY2008 $77,020,441
Debt ServiceFY2007 $251,219FY2008 $251,219

Authority: Title 23, Chapter 5, Code of Virginia.

A. This Item includes general and nongeneral fund appropriations to support institutional initiatives that help meet statewide goals described in the Restructured Higher Education Financial and Administrative Operations Act of 2005 (Chapters 933 and 945, 2005 Acts of Assembly).

B. Out of the amounts for Higher Education Research, $342,201 the first year and $342,201 the second year from the general fund shall be made available as administrative support for the operation of the Thomas Jefferson National Accelerator Facility (Jefferson Lab).

C. Out of this appropriation, $279,072 the first year and $279,072 the second year from the general fund is designated for the costs to lease and equip space for activities related to technology transfer, research, and graduate work.

D. As Virginia's public colleges and universities approach full funding of the base adequacy guidelines and as the General Assembly strives to fully fund the general fund share of the base adequacy guidelines, these funds are provided with the intent that, in exercising their authority to set tuition and fees, the Board of Visitors shall take into consideration the impact of escalating college costs for Virginia students and families.  In accordance with the cost-sharing goals set forth in § 4-2.01 b. of this act, the Board of Visitors is encouraged to limit increases on tuition and mandatory educational and general fees for in-state, undergraduate students to the extent possible.

E. The appropriation for the fund source Higher Education Operating in this Item shall be considered a sum sufficient appropriation, which is an estimate of the amount of revenues to be collected for the educational and general program under the terms of the management agreement between the College of William and Mary and the Commonwealth, as set forth in Chapters 933 and 943, of the 2006 Acts of Assembly.