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2021 Special Session I

Budget Bill - SB1100 (Introduced)

In-State Undergraduate Tuition Moderation

Item 262.50

Item 262.50

First Year - FY2021Second Year - FY2022
In-State Undergraduate Tuition Moderation and Six- Year Plan Funding Pool (11400)$54,750,000$25,000,000
In-State Undergraduate Tuition Moderation (11401)FY2021 $54,750,000FY2022 $25,000,000
Fund Sources:  
GeneralFY2021 $54,750,000FY2022 $25,000,000

Authority: Discretionary Inclusion


A.1. Out of this appropriation, $54,750,000 the first year from the general fund is designated for In-State Undergraduate Affordability and Six-Year Plan Funding Pool. Allocations to public colleges and universities from this item are as follows:


Institution

FY 2021 Allocation

Christopher Newport University

$2,750,000

College of William and Mary

900,000

George Mason University

4,600,000

James Madison University

7,000,000

Longwood University

2,100,000

University of Mary Washington

3,200,000

Norfolk State University

1,000,000

Old Dominion University

3,200,000

Radford University

2,100,000

University of Virginia

3,700,000

University of Virginia's College at Wise

800,000

Virginia Commonwealth University

12,700,000

Virginia Military Institute

400,000

Virginia Polytechnic Institute & State University

2,700,000

Virginia State University

1,200,000

Richard Bland College

500,000

Virginia Community College System

5,900,000

Total

$54,750,000


2. Allocations listed in paragraph A.1. of this item shall be granted to public colleges and universities in fiscal year 2021 so long as they maintain for fiscal year 2021 all tuition and mandatory Educational and General (E & G) fee charges to include tuition differentials for in-state undergraduate students to fiscal year 2020 levels.


3. The State Council of Higher Education for Virginia (SCHEV) shall certify whether each public college and university has met the tuition freeze requirements of this fund. SCHEV shall report its findings to the Governor, the Chairs of the House Appropriations and Senate Finance and Appropriations Committees, and the Director of the Department of Planning and Budget by July 1, 2020.


4. Upon certification by SCHEV that the requirements in paragraph A.2. have been met, the Director, Department of Planning and Budget, shall transfer the amounts listed above to each of the certified institutions.


5. If an institution elects to increase tuition and mandatory E & G fees for in-state undergraduate students in fiscal year 2021 above the fiscal year 2020 levels, the institution shall not be eligible for an allocation from the pool.


6. The Rector, Board of Visitors of institutions choosing to forego allocations from this item and electing to increase tuition and mandatory E & G fees for in-state undergraduate students in fiscal year 2021 shall communicate the Board Resolution certifying that decision to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by August 1, 2020.


7. All unallocated funds shall be transferred to Item 275, the Revenue Cash Reserve by September 1, 2020.


B. Out of this appropriation, $25,000,000 the second year from the general fund is designated for the continuation cost of the In-State Undergraduate Affordability and Six-Year Plan Funding Pool in Paragraph A.1. Individual institution allocations will be dependent on institutional actions in accordance with Paragraph A of this item, any required adjustments for one-time compensation actions authorized in Item 477, and relative to the total funds available.


C. No other tuition moderation actions shall be funded for fiscal year 2022.