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. 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.
C.1. Out of this appropriation, $28,199 each year from the general fund is designated for base operating support.
2. Out of this appropriation, $73,535 each year from the general fund is designated to address efforts to improve retention and graduation through dual enrollment programs.
D.1. Out of this appropriation, $189,860 each year from the general fund is designated to achieve the goals of the six-year academic plan submitted by the Richard Bland College in the fall 2011. Richard Bland College shall utilize these funds to develop 2+2 programs in partnership with and with guaranteed admission to Old Dominion University, Virginia Commonwealth University and Virginia State University.
2. Richard Bland College shall reallocate $74,198 the first year and $98,930 the second year from current educational and general program funds either to support the initiatives identified in paragraph D.1. and / or to address programs and strategies that serve to advance the objectives of the Higher Education Opportunity Act of 2011.
3. Richard Bland College may reallocate up to an additional 1.5 percent from current educational and general program funds in the second year to address faculty compensation issues, operation and maintenance of new facilities or other institutional initiatives or priorities.