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2014 Special Session I

Budget Bill - HB5002 (Substitute)

Virginia Institute of Marine Science

Item 161

Item 161

First Year - FY2015Second Year - FY2016
Financial Assistance for Educational and General Services (11000)$23,129,059$23,129,059
Eminent Scholars (11001)FY2015 $75,000FY2016 $75,000
Sponsored Programs (11004)FY2015 $23,054,059FY2016 $23,054,059
Fund Sources:  
Higher Education OperatingFY2015 $23,129,059FY2016 $23,129,059

Authority: Title 23, Chapter 5 and Title 28.2, Chapter 11, Code of Virginia.


A.  The Higher Education Operating fund source listed in this Item is considered to be a sum sufficient appropriation, which is an estimate of funding required by the institute to cover sponsored program operations.


B. Out of the amounts for sponsored programs, $50,000 the first year and $50,000 the second year from nongeneral funds shall be paid from the Marine Fishing Improvement Fund to support the Mariculture and Marine Product Advisory Program.