A. Out of this appropriation, $1,000,000 the first year and $2,000,000 the second year from the general fund is designated for the Online Virginia Network Authority (OVN). George Mason University and Old Dominion University shall develop a plan for the OVN that (1) serves adult learners, nontraditional students, and other students seeking access to an online degree program; (2) is more cost-effective than a traditional degree; (3) describes how the OVN will reduce the unit cost of providing online education; (4) uses tuition revenue from online students to support the cost of the initiative; (5) includes a discussion of potential options to partner with those currently providing online courses; and (6) utilizes only existing financial aid programs. The OVN shall provide a status report on the plan to the Governor and the Chairmen of the House Appropriations and the Senate Finance Committees by November 1, 2017. OVN will provide annual progress reports by November 1 in subsequent years.