2015 Session

Budget Bill - HB1400 (Introduced)

View Item amendments

Virginia Military Institute

Item 216

Item 216

First Year - FY2015Second Year - FY2016
Educational and General Programs (10000)$35,392,806
Higher Education Instruction (100101)FY2015 $14,464,371FY2016 $14,464,371
Higher Education Public Services (100103)FY2015 $67,237FY2016 $67,237
Higher Education Academic (100104)FY2015 $5,359,489FY2016 $5,359,489
Higher Education Student Services (100105)FY2015 $2,484,209FY2016 $2,484,209
Higher Education Institutional Support (100106)FY2015 $6,274,896
FY2016 $6,277,693
Operation and Maintenance Of Plant (100107)FY2015 $6,742,604
FY2016 $6,742,604
Fund Sources:  
GeneralFY2015 $9,075,052
FY2016 $9,077,845
Higher Education OperatingFY2015 $25,917,754
FY2016 $25,917,758
Debt ServiceFY2015 $400,000FY2016 $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.

C. Resources determined by the State Council of Higher Education for Virginia to be uniquely military shall be excluded from the base adequacy funding guidelines.

D. Based on the final strategies implemented by the institution to meet its budget reductions required by Chapter 3, 2014 Special Session 1, the institution can adjust any of the amounts embedded in language under this Item to be consistent with those reduction strategies.