Menu
2023 Special Session I

Budget Bill - HB6001 (Chapter 1)

Maintain Affordable Access

Item 255.5

Item 255.5

First Year - FY2023Second Year - FY2024
Educational and General Programs (10000)$0$143,250,000
Higher Education Instruction (10001)FY2023 $0FY2024 $143,250,000
Fund Sources:  
GeneralFY2023 $0FY2024 $143,250,000

 Authority: Discretionary Inclusion


A. Out of this appropriation, $75,000,000 the second year from the general fund is provided to support operations at public colleges and universities. Funds are intended to support the growing need for student support services; address increased costs resulting from inflation; refine or create programs that meet current and future workforce needs; and minimize student costs. Funds shall be ongoing and incorporated into each institution's base budget for the next biennium. The Department of Planning and Budget shall transfer the allocations to the appropriate education and general programs account as follows:


Institution

Amount

Christopher Newport University

$2,383,000

George Mason University

$8,012,000

James Madison University

$4,724,000

Longwood University

$2,453,000

Norfolk State University

$1,598,000

Old Dominion University

$7,477,000

Radford University

$2,897,000

University of Mary Washington

$2,106,000

University of Virginia

$4,045,000

University of Virginia's College at Wise

$501,000

Virginia Commonwealth University

$10,394,000

Virginia Military Institute

$832,000

Virginia State University

$1,491,000

Virginia Polytechnic Institute & State University

$9,205,000

College of William and Mary

$1,873,000

Richard Bland College

$373,000

Virginia Community College System

$14,636,000

Total

$75,000,000


B. 1. Out of this appropriation, $62,500,000 the second year from the general fund is provided to support need-based undergraduate financial aid at public colleges and universities. These funds also are intended to reduce the amount of tuition revenue from in-state undergraduate students that institutions use for financial aid, grants, and scholarships.


2. Of the amount allocated for undergraduate need-based financial aid in the second year, up to five percent may be used for emergency assistance programs for students facing a financial emergency that puts them at risk of dropping out. The Council shall establish reporting guidelines and approve criteria for making student awards.


3. Funds shall be ongoing and shall be incorporated into the institutions' base budget for the next biennium. The Department of Planning and Budget shall transfer the allocations to the appropriate higher education student financial assistance account as follows:


Institution

Amount

Christopher Newport University

$513,000

College of William and Mary

367,000

George Mason University

12,725,000

James Madison University

2,917,000

Longwood University

850,000

Norfolk State University

3,617,000

Old Dominion University

9,850,000

Radford University

4,608,000

University of Mary Washington

850,000

University of Virginia

1,383,000

University of Virginia's College at Wise

733,000

Virginia Commonwealth University

5,767,000

Virginia Military Institute

125,000

Virginia State University

2,525,000

Virginia Polytechnic Institute and State University

3,125,000

Richard Bland College

279,000

Virginia Community College System

12,266,000

Total

62,500,000


C. Out of this appropriation, $5,750,000 the second year from the general fund is designated to address nursing shortages. Funds shall prioritize increased compensation for full and part-time faculty to remain competitive with nursing salaries. Funds shall be ongoing and incorporated into the institutions' base budget for the next biennium. The Department of Planning and Budget shall transfer the allocations to the appropriate higher education account as follows:


Institution

Amount

George Mason University

$560,000

James Madison University

660,000

Longwood University

130,000

Norfolk State University

110,000

Old Dominion University

560,000

Radford University

530,000

University of Mary Washington

130,000

University of Virginia

320,000

University of Virginia's College at Wise

50,000

Virginia Commonwealth University

510,000

Virginia State University

30,000

Virginia Community College System

2,160,000

Total

5,750,000