2018 Special Session I

Budget Bill - HB5002 (Introduced)

View Item amendments

Virginia Military Institute

Item 216

Item 216

First Year - FY2019Second Year - FY2020
Educational and General Programs (10000)$40,399,324$41,068,587
Higher Education Instruction (100101)FY2019 $17,204,632FY2020 $17,873,895
Higher Education Public Services (100103)FY2019 $75,221FY2020 $75,221
Higher Education Academic (100104)FY2019 $5,763,746FY2020 $5,763,746
Higher Education Student Services (100105)FY2019 $2,694,932FY2020 $2,694,932
Higher Education Institutional Support (100106)FY2019 $7,509,209FY2020 $7,509,209
Operation and Maintenance Of Plant (100107)FY2019 $7,151,584FY2020 $7,151,584
Fund Sources:  
GeneralFY2019 $10,264,875FY2020 $10,534,576
Higher Education OperatingFY2019 $29,734,449FY2020 $30,134,011
Debt ServiceFY2019 $400,000FY2020 $400,000

Authority: Title 23.1, Chapter 25, 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.