§ 4-9.00 HIGHER EDUCATION RESTRUCTURING

§ 4-9.01 MEMORANDA OF UNDERSTANDING

In submitting "The Budget Bill" for calendar year 2006 pursuant to subsection A of § 2.2-1509, the Governor shall include eligibility criteria for additional operational authority in human resources, personnel policy and/or information technology along with the functional authority that would be granted in each area. In each operational area, the functional authority granted through a memorandum of understanding shall not exceed the level of autonomy permitted under Subchapter 3 (§ 23-38.91et seq.) of Chapters 933 and 945 of the 2005 Acts of Assembly and as specified under Chapters 933 and 943 of the 2006 Acts of Assembly.  Except for institutions covered under Chapters 933 and 943 of the Acts of Assembly of 2006 and notwithstanding the provisions of the Alternative Authority for Covered Institutions (§ 23-38.91 et seq., Code of Virginia), no institution of higher education may request or receive additional decentralized authority granted under Chapters 933 and 945 of the Acts of Assembly of 2005 without, the express approval of the General Assembly.