2010 Session

Budget Bill - HB29 (Chapter 872)

Virginia Military Institute

Item 219

Item 219 (Not set out)

First Year - FY2009Second Year - FY2010
Educational and General Programs (10000)$32,098,095$32,218,095
Higher Education Instruction (100101)FY2009 $13,447,776FY2010 $13,567,776
Higher Education Public Services (100103)FY2009 $69,056FY2010 $69,056
Higher Education Academic Support (100104)FY2009 $4,453,400FY2010 $4,453,400
Higher Education Student Services (100105)FY2009 $2,155,787FY2010 $2,155,787
Higher Education Institutional Support (100106)FY2009 $6,996,320FY2010 $6,996,320
Operation and Maintenance of Plant (100107)FY2009 $4,975,756FY2010 $4,975,756
Fund Sources:  
GeneralFY2009 $10,897,989FY2010 $11,017,989
Higher Education OperatingFY2009 $20,800,106FY2010 $20,800,106
Debt ServiceFY2009 $400,000FY2010 $400,000

Authority: Title 23, Chapter 10, Code of Virginia.

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

B. 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.