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2008 Session

Budget Bill - SB30 (Introduced)

View Item amendments

Item 4-6.01

Item 4-6.01

§ 4-6.00 POSITIONS AND EMPLOYMENT


§ 4-6.01 EMPLOYEE COMPENSATION


a. The compensation of all kinds and from all sources of each appointee of the Governor and of each officer and employee in the Executive Department who enters the service of the Commonwealth or who is promoted to a vacant position shall be fixed at such rate as shall be approved by the Governor in writing or as is in accordance with rules and regulations established by the Governor. No increase shall be made in such compensation except with the Governor's written approval first obtained or in accordance with the rules and regulations established by the Governor. In all cases where any appointee, officer or employee is employed or promoted to fill a vacancy in a position for which a salary is specified by this act, the Governor may fix the salary of such officer or employee at a lower rate or amount within the respective level than is specified. In those instances where a position is created by an act of the General Assembly but not specified by this act, the Governor may fix the salary of such position in accordance with the provisions of this subsection.


b. Annual salaries of positions listed below shall be paid in the amount shown.


 


 

July 1, 2008

November 25, 2008

July 1, 2009

 

to

to

to

 

November 24, 2008

June 30, 2009

June 30, 2010


 


Chief of Staff

$146,916

$146,916

$151,323

 

 

 

 

Secretary of Administration

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Agriculture and Forestry

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Commerce and Trade

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of the Commonwealth

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Education

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Finance

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Health and Human Resources

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Natural Resources

$146,916

$146,916

$151,323  

 

 

 

 

Secretary of Public Safety

$146,916

$146,916

$151,323

 

 

 

 

Secretary of Technology

$146,916

$146,916

$151,323

 

 

 

 

Secretary of Transportation

$146,916

$146,916

$151,323

 

 

 

 


 


c.1.a) Annual salaries of persons appointed to positions listed in subdivision c 6 hereof shall be paid in the amounts shown for the current biennium, unless changed in accordance with conditions stated in subdivisions c 2 through c 5 hereof.


b) The starting salary of a new appointee shall not exceed the midpoint of the range, except where the midpoint salary is less than a ten percent increase from an appointee's preappointment compensation. In such cases, an appointee's starting salary may be set at a rate which is ten percent higher than the preappointment compensation, provided that the maximum of the range is not exceeded. However, in instances where an appointee's preappointment compensation exceeded the maximum of the respective salary range, then the salary for that appointee may be set at the maximum salary for the respective salary range.


c) Nothing in subdivision c 1 shall be interpreted to supersede the provisions of § 4-6.01 e, f, g, h, i, j, k, l, and m of this act.


d) For new appointees to positions listed in § 4-6.01c.6., the Governor is authorized to provide for fringe benefits in addition to those otherwise provided by law, including post retirement health care and other non-salaried benefits provided to similar positions in the public sector.


2.a)1) The Governor may increase or decrease the annual salary for incumbents of positions listed in subdivision c 6 below at a rate of up to 10 percent in any single fiscal year between the minimum and the maximum of the respective salary range in accordance with an assessment of performance and service to the Commonwealth.


2) The governing boards of the independent agencies may increase or decrease the annual salary for incumbents of positions listed in subdivision c.7. below at a rate of up to 10 percent in any fiscal year between the minimum and maximum of the respective salary range, in accordance with an assessment of performance and service to the Commonwealth.


b)1) The appointing or governing authority may grant performance bonuses of 0-5 percent for positions whose salaries are listed in §§ 1-1 through 1-9, and 4-6.01 b, c, and d of this act, based on an annual assessment of performance, in accordance with policies and procedures established by such appointing or governing authority. Such performance bonuses shall be over and above the salaries listed in this act, and shall not become part of the base rate of pay.


2) The appointing or governing authority shall report performance bonuses which are granted to executive branch employees to the Department of Human Resource Management for retention in its records.


3. From the effective date of the Executive Pay Plan set forth in Chapter 601, Acts of Assembly of 1981, all incumbents holding positions listed in this § 4-6.01 shall be eligible for all fringe benefits provided to full-time classified state employees and, notwithstanding any provision to the contrary, the annual salary paid pursuant to this § 4-6.01 shall be included as creditable compensation for the calculation of such benefits.


4.   Notwithstanding § 4-6.01.c.2.b)1) of this Act, the Board of Commissioners of the Virginia Port Authority may supplement the salary of its Executive Director, with the prior approval of the Governor. The Board should be guided by criteria which provide a reasonable limit on the total additional income of the Executive Director. The criteria should include, without limitation, a consideration of the salaries paid to similar officials at comparable ports of other states.  The Board shall report approved supplements to the Department of Human Resource Management for retention in its records.


5. With the written approval of the Governor, the Board of Trustees of the Virginia Museum of Fine Arts, the Science Museum of Virginia, the Virginia Museum of Natural History, the Jamestown-Yorktown Foundation, the Library Board, and the Virginia College Savings Plan Board may supplement the salary of the Director of each museum, the Librarian of Virginia, and the Director of the Virginia College Savings Plan  Board from nonstate funds. In approving a supplement, the Governor should be guided by criteria which provide a reasonable limit on the total additional income and the criteria should include, without limitation, a consideration of the salaries paid to similar officials at comparable museums and libraries of other states. The respective Boards shall report approved supplements to the Department of Human Resource Management for retention in its records.


6.a) The following salaries shall be paid for the current biennium in the amounts shown, however, all salary changes shall be subject to subdivisions c 2 through c 5 above.


b) Existing salary contracts between the Chief Information Officer and the Information Technology Investment Board in effect before the enactment of this act shall remain in effect as originally written until the termination of said contracts. Salary contracts entered into after enactment of this act shall adhere to the conditions specified in § 4-6.01.


 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

To

to

 

November 24, 2008

June 30, 2009

June 30, 2010

Level I Range

$123,125 - $211,097

$123,125 - $211,097

$126,819 - $217,429

 

 

 

 

Midpoint

$167,111

$167,111

$172,124

 

 

 

 

Chief Information Officer, Virginia Information Technologies Agency

$189,280

$189,280

$194,958

 

 

 

 

Commissioner, Department of Motor Vehicles

$143,449

$143,449

$147,752

 

 

 

 

Commissioner, Department of Social Services

$143,450

$143,450

$147,754

 

 

 

 

Commissioner of Mental Health, Mental Retardation and Substance Abuse Services

$189,280

$189,280

$194,958

 

 

 

 

Commonwealth Transportation Commissioner

$189,280

$189,280

$194,958

 

 

 

 

Director, Department of Corrections

$147,321

$147,321

$151,741

 

 

 

 

Director, Department of Environmental Quality

$150,218

$150,218

$154,725

 

 

 

 

Director, Department of Medical Assistance Services

$148,249

$148,249

$152,696

 

 

 

 

Director, Department of Planning and Budget

$151,628

$151,628

$156,177

 

 

 

 

State Health Commissioner

$175,742

$175,742

$181,014

 

 

 

 

State Tax Commissioner

$136,806

$136,806

$140,910

 

 

 

 

Superintendent of Public Instruction

$191,906

$191,906

$197,663

 

 

 

 

Superintendent of State Police

$145,787

$145,787

$150,161

 

 

 

 

 

 

 

 

 

July 1, 2008

November 25, 2008

November 25, 2009

 

To

To

To

 

November 24, 2008

June 30, 2009

July 1, 2009

Level II Range

$96,679 - $168,103

$96,679 - $168,103

$99,580 - $173,147

 

 

 

 

Midpoint

$115,329

$119,942

$136,364

 

 

 

 

Alcoholic Beverage Control Commissioners (two)

$124,741

$124,741

$128,483

 

 

 

 

Chairman, Alcoholic Beverage Control Board

$124,741

$124,741

$128,483

 

 

 

 

Commissioner, Department of Agriculture and Consumer Services

$137,280

$137,280

$141,398

 

 

 

 

Commissioner, Department of Veterans Services

$125,336

$125,336

$129,096

 

 

 

 

Commissioner, Virginia Employment Commission

$124,741

$124,741

$128,483

 

 

 

 

Executive Director, Department of Game and Inland Fisheries

$107,421

$107,421

$110,644

 

 

 

 

Commissioner, Marines Resources Commission

$109,900

$109,900

$113,197

 

 

 

 

Director, Department of Business Assistance

$149,261

$149,261

$153,739

 

 

 

 

Director, Department of Forensic Science

$146,640

$146,640

$151,039

 

 

 

 

Director, Department of General Services

$141,231

$141,231

$145,468

 

 

 

 

Director, Department of Mines, Minerals and Energy

$124,740

$124,740

$128,482

 

 

 

 

Director, Department of Human Resource Management

$137,955

$137,955

$142,094

 

 

 

 

Director, Department of Juvenile Justice

$137,357

$137,357

$141,478

 

 

 

 

Director, Department of Rail and Public Transportation

$152,821

$152,821

$157,406

 

 

 

 

Executive Director, Virginia Port Authority

$137,186

$137,186

$141,302

 

 

 

 

State Comptroller

$133,972

$133,972

$137,991

 

 

 

 

State Treasurer

$133,506

$133,506

$137,511

 

 

 

 

 

 

 

 

 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

To

To

 

November 24, 2008

June 30, 2009

June 30, 2010

Level III Range

$86,994 - $146,179

$86,994 - $146,179

$89,604 - $150,565

 

 

 

 

Midpoint

$116,587

$116,587

$120,085

 

 

 

 

Adjutant General

$131,903

$131,903

$135,860

 

 

 

 

Chairman, Virginia Parole Board

$125,107

$125,107

$128,860

 

 

 

 

Member, Virginia Parole Board

$105,188

$105,188

$108,344

 

 

 

 

Member, Virginia Parole Board

$108,470

$108,470

$111,724

 

 

 

 

Commissioner, Department of Labor and Industry

$125,759

$125,759

$129,532

 

 

 

 

Commissioner, Department of Rehabilitative Services

$130,815

$130,815

$134,739

 

 

 

 

Coordinator, Department of Emergency Management

$114,650

$114,650

$118,090

 

 

 

 

Director, Department of Aviation

$127,937

$127,937

$131,775

 

 

 

 

Director, Department of Conservation and Recreation

$128,004

$128,004

$131,844

 

 

 

 

Director, Department of Criminal Justice Services

$124,276

$124,276

$128,004

 

 

 

 

Director, Department of Employment Dispute Resolution

$106,436

$106,436

$109,629

 

 

 

 

Director, Department of Health Professions

$120,121

$120,121

$123,725

 

 

 

 

Director, Department of Historic Resources

$105,189

$105,189

$108,345

 

 

 

 

Director, Department of Housing and Community Development

$118,414

$118,414

$121,966

 

 

 

 

Director, Department of Professional and Occupational Regulation

$127,124

$127,124

$130,938

 

 

 

 

Director, The Science Museum of Virginia

$122,635

$122,635

$126,314

 

 

 

 

Director, Virginia Museum of Fine Arts

$127,358

$127,358

$131,179

 

 

 

 

Director, Virginia Museum of Natural History

$105,189

$105,189

$108,345

 

 

 

 

Executive Director, Jamestown-Yorktown Foundation

$121,848

$121,848

$125,503

 

 

 

 

Executive Secretary, Virginia Racing Commission

$102,503

$102,503

$105,578

 

 

 

 

Librarian of Virginia

$132,890

$132,890

$136,877

 

 

 

 

State Forester, Department of Forestry

$96,660

$96,660

$99,560

 

 

 

 

Superintendent, Department of Correctional Education

$128,873

$128,873

$132,739

 

 

 

 

 

 

 

 

 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

To

To

 

November 24, 2008

June 30, 2009

June 30, 2010

Level IV Range

$65,781 - $120,240

$65,781 - $120,240

$67,755 - $123,847

 

 

 

 

Midpoint

$93,011

$93,011

$95,801

 

 

 

 

Administrator, Commonwealth's Attorneys' Services Council

$93,537

$93,537

$96,343

 

 

 

 

Commissioner, Department for the Aging

$109,309

$109,309

$112,588

 

 

 

 

Commissioner, Virginia Department for the Blind and Vision Impaired

$89,086

$89,086

$91,759

 

 

 

 

Director, Department of Minority Business Enterprise

$102,752

$102,752

$105,835

 

 

 

 

Executive Director, Board of Accountancy

$98,114

$98,114

$101,057

 

 

 

 

Executive Director, Frontier Culture Museum of Virginia

$101,085

$101,085

$104,118

 

 

 

 

Human Rights Director, Human Rights Council

$73,090

$73,090

$75,283

 

 

 

 

Secretary, State Board of Elections

$104,000

$104,000

$107,120

 

 

 

 

 

 

 

 

 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

To

to

 

November 24, 2008

June 30, 2009

June 30, 2010

Level V Range

$18,259 - $91,520

$18,259 - $91,520

$18,807 - $94,266

 

 

 

 

Midpoint

$54,890

$54,890

$56,537

 

 

 

 

Director, Gunston Hall

$82,072

$82,072

$84,534

 

 

 

 

Director, Virginia Department for the Deaf and Hard-of-Hearing

$79,589

$79,589

$81,977

 

 

 

 

Executive Director, Department of Fire Programs

$83,200

$83,200

$85,696

 

 

 

 

Executive Director, Virginia Commission for the Arts

$82,174

$82,174

$84,639

 

 

 

 

Chairman of Board Chairman, Compensation Board

$20,288

$20,288

$20,897

 

 

 

 


7. Annual salaries of the directors of the independent agencies, as listed in this subdivision, shall be paid in the amounts shown. All salary changes shall be subject to subdivisions c 1, c 2, and c 3 above.


 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

to

to

 

November 24, 2008

June 30, 2009

June 30, 2010

Independent Range

$113,965 - $178,464

$113,965 - $178,464

$117,384 - $183,818  

 

 

 

 

Midpoint

$146,215

$146,215

$150,601

 

 

 

 

Director, State Lottery Department

$152,821

$152,821

$157,406

 

 

 

 

Executive Director, Virginia Office for Protection and Advocacy

$126,628

$126,628

$130,427

 

 

 

 

Director, Virginia Retirement System

$162,240

$162,240

$167,107

 

 

 

 

Executive Director, Virginia College Savings Plan

$162,240

$162,240

$167,107

 

 

 

 


d.1. Annual salaries of the presidents of the senior institutions of higher education, the President of Richard Bland College, the Chancellor of the University of Virginia's College at Wise, the Superintendent of the Virginia Military Institute, the Director of the State Council of Higher Education, the Director of the Southern Virginia Higher Education Center, the Director of the Southwest Virginia Higher Education Center and the Chancellor of Community Colleges, as listed in this paragraph, shall be paid in the amounts shown. The annual salaries of the presidents of the community colleges shall be fixed by the State Board for Community Colleges within a salary structure submitted to the Governor prior to June 1 each year for approval.


2.a) The board of visitors of each institution of higher education may annually supplement the salary of its president from private gifts, endowment funds, or income from endowments and gifts. Supplements paid from other than the cited sources prior to June 30, 1997, may continue to be paid. In approving a supplement, the board of visitors should be guided by criteria which provide a reasonable limit on the total additional income of a president. The criteria should include a consideration of additional income from outside sources including, but not being limited to, service on boards of directors or other such services. The board of visitors shall report approved supplements to the Department of Human Resource Management for retention in its records.


b) The State Board for Community Colleges may annually supplement the salary of the Chancellor from any available appropriations of the Virginia Community College System. In approving a supplement, the State Board for Community Colleges should be guided by criteria which provide a reasonable limit on the total additional income of the Chancellor. The criteria should include consideration of additional income from outside sources including, but not being limited to, service on boards of directors or other such services. The Board shall report approved supplements to the Department of Human Resource Management for retention in its records.


c)  Norfolk State University is authorized to supplement the salary of its president from educational and general funds up to $17,000.


d) The State Council of Higher Education for Virginia may increase or decrease the annual salary of the Director from any appropriations to the Council.  In approving the salary, the State Council should be guided by the Level I salary range included in Item 4-6.01 6. b).  In addition to the annual salary, the State Council may also provide a bonus not to exceed 10 percent of the annual salary.  The State Council should be guided by criteria which provide a reasonable limit on the total additional income of the Director. The criteria should include consideration of additional income from outside sources, including, but not limited to, service on boards of directors or other such services.  The State Council shall report the approved salary and bonus to the Department of Human Resource Management for its records.


 

July 1, 2008

November 25, 2008

July 1, 2009

 

To

To

to

 

November 24, 2008

June 30, 2009

June 30, 2010

 

 

 

 

NEW COLLEGE INSTITUTE

 

 

 

Executive Director, New College Institute

$162,240

$162,240

$167,107

 

 

 

 

STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA

 

 

 

Director, State Council of Higher Education for Virginia

$234,000

$234,000

$241,020

 

 

 

 

SOUTHERN VIRGINIA HIGHER EDUCATION CENTER

 

 

 

Director, Southern Virginia Higher Education Center

$118,976

$118,976

$122,545

 

 

 

 

SOUTHWEST VIRGINIA HIGHER EDUCATION CENTER

 

 

 

Director, Southwest Virginia Higher Education Center

$122,122

$122,122

$125,786

 

 

 

 

VIRGINIA COMMUNITY COLLEGE SYSTEM

 

 

 

Chancellor of Community Colleges

$167,243

$167,243

$172,260

 

 

 

 

SENIOR COLLEGE PRESIDENTS' SALARIES

 

 

 

Chancellor, University of Virginia's College at Wise

$127,218

$127,218

$131,035

 

 

 

 

President, Christopher Newport University

$130,805

$130,805

$134,729

 

 

 

 

President, The College of William and Mary in Virginia

$157,249

$157,249

$161,966

 

 

 

 

President, George Mason University

$148,307

$148,307

$152,756

 

 

 

 

President, James Madison University

$145,889

$145,889

$150,266

 

 

 

 

President, Longwood University

$140,121

$140,121

$144,325

 

 

 

 

President, Norfolk State University

$143,627

$143,627

$147,936

 

 

 

 

President, Old Dominion University

$157,883

$157,883

$162,619

 

 

 

 

President, Radford University

$143,624

$143,624

$147,933

 

 

 

 

President, Richard Bland College

$123,048

$123,048

$126,739

 

 

 

 

President, University of Mary Washington

$138,942

$138,942

$143,110

 

 

 

 

President, University of Virginia

$176,095

$176,095

$181,378

 

 

 

 

President, Virginia Commonwealth University

$176,113

$176,113

$181,396

 

 

 

 

President, Virginia Polytechnic Institute and State University

$176,113

$176,113

$181,396

 

 

 

 

President, Virginia State University

$143,624

$143,624

$147,933

 

 

 

 

Superintendent, Virginia Military Institute

$142,297

$142,297

$146,566

 

 

 

 


e. 1. Salaries for newly employed or promoted employees shall be established consistent with the compensation and classification plans established by the Governor.


2. The State Comptroller is hereby authorized to require payment of wages or salaries to state employees by direct deposit or by credit to a prepaid debit card or card account from which the employee is able to withdraw or transfer funds.


f. The provisions of this section, requiring prior written approval of the Governor relative to compensation, shall apply also to any system of incentive award payments which may be adopted and implemented by the Governor. The cost of implementing any such system shall be paid from any funds appropriated to the affected agencies.


g. No lump sum appropriation for personal service shall be regarded as advisory or suggestive of individual salary rates or of salary schedules to be fixed under law by the Governor payable from the lump sum appropriation.


h. Subject to approval by the Governor of a plan for a statewide employee meritorious service awards program, as provided for in § 2.2-1201.12, Code of Virginia, the costs for such awards shall be paid from any operating funds appropriated to the affected agencies.


i. The General Assembly hereby affirms and ratifies the Governor's existing authority and the established practice of this body to provide for pay differentials or to supplement base rates of pay for employees in specific job classifications in particular geographic and/or functional areas where, in the Governor's discretion, they are needed for the purpose of maintaining salaries which enable the Commonwealth to maintain a competitive position in the relevant labor market.


j.1. If at any time the Administrator of the Commonwealth's Attorneys' Services Council serves on the faculty of a state-supported institution of higher education, the faculty appointment must be approved by the Council. Such institution shall pay one-half of the salary listed in § 4-6.01 c 6 of this act. Further, such institution may provide compensation in addition to that listed in § 4-6.01 c 6; provided, however, that such additional compensation must be approved by the Council.


2. If the Administrator ceases to be a member of the faculty of a state-supported institution of higher education, the total salary listed in § 4-6.01 c 6 shall be paid from the Council's appropriation.


k.1. Except as otherwise provided for in this subdivision, any increases in the salary band assignment of any job role contained in the compensation and classification plans approved by the Governor shall be effective beginning with the first pay period, defined as the pay period from June 25 through July 9, of the fiscal year if: (1) the agency certifies to the Secretary of Finance that funds are available within the agency's appropriation to cover the cost of the increase for the remainder of the current biennium and presents a plan for covering the costs next biennium and the Secretary concurs, or (2) such funds are appropriated by the General Assembly. If at any time the Secretary of Administration shall certify that such change in the salary band assignment for a job role is of an emergency nature and the Secretary of Finance shall certify that funds are available to cover the cost of the increase for the remainder of the biennium within the agency's appropriation, such change in compensation may be effective on a date agreed upon by these two Secretaries. The Secretary of Administration shall provide a monthly report of all such emergency changes in accordance with § 4-8.00, Reporting Requirements.


2. Salary adjustments for any employee through a promotion, role change, exceptional recruitment and retention incentive options, or in-range adjustment shall occur only if: a) the agency has sufficient funds within its appropriation to cover the cost of the salary adjustment for the remainder of the current biennium or b) such funds are appropriated by the General Assembly.


3. No changes in salary band assignments affecting classified employees of more than one agency shall become effective unless the Secretary of Finance certifies that sufficient funds are available to provide such increase or plan to all affected employees supported from the general fund.


l. Full-time employees of the Commonwealth, including faculty members of state institutions of higher education, who are appointed to a state-level board, council, commission or similar collegial body shall not receive any such compensation for their services as members or chairmen except for reimbursement of reasonable and necessary expenses. The foregoing provision shall likewise apply to the Compensation Board, pursuant to § 15.2-1636.5, Code of Virginia.


m.1. Notwithstanding any other provision of law, the board of visitors or other governing body of any public institution of higher education is authorized to establish age and service eligibility criteria for faculty participating in voluntary early retirement incentive plans for their respective institutions pursuant to § 23-9.2:3.1 B and the cash payment offered under such compensation plans pursuant to § 23-9.2:3.1 D, Code of Virginia. Notwithstanding the limitations in § 23-9.2:3.1 D, the total cost in any fiscal year for any such compensation plan , shall be set forth by the governing body in the compensation plan for approval by the Governor and review for legal sufficiency by the Office of the Attorney General.


2. Notwithstanding any other provision of law, employees holding full-time, academic-year classified positions at public institutions of higher education shall be considered "state employees" as defined in § 51.1-124.3, Code of Virginia, and shall be considered for medical/hospitalization, retirement service credit, and other benefits on the same basis as those individuals appointed to full-time, 12-month classified positions.


n. Notwithstanding the Department of Human Resource Management Policies and Procedures, payment to employees with five or more years of continuous service who either terminate or retire from service shall be paid in one sum for twenty-five percent of their sick leave balance, provided, however, that the total amount paid for sick leave shall not exceed $5,000 and the remaining seventy-five percent of their sick leave shall lapse. This provision shall not apply to employees who are covered by the Virginia Sickness and Disability Program as defined in § 51.1-1100, Code of Virginia. Such employees shall not be paid for their sick leave balances. However, they will be paid, if eligible as described above, for any disability leave credits they have at separation or retirement or may convert disability credits to service credit under the Virginia Retirement System pursuant to § 51.1-1103 (F), Code of Virginia.


o. It is the intent of the General Assembly that calculation of the faculty salary benchmark goal for the Virginia Community College System shall be done in a manner consistent with that used for four-year institutions, taking into consideration the number of faculty at each of the community colleges. In addition, calculation of the salary target shall reflect the eight percent salary differential required by this act in a manner consistent with other public four-year institutions.


p.  Any public institution of higher education that has met the eligibility criteria set out in Chapters 933 and 945 of the 2005 Acts of Assembly may supplement annual salaries for classified employees from private gifts, endowment funds, or income from endowments and gifts, subject to policies approved by the board of visitors.  The Commonwealth shall have no general fund obligations for the continuation of such salary supplements.