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Central Appropriations (995)

471.20.Reversion Clearing Account - Higher Education Savings (11700)-45,000,000-45,000,000
Fund Sources:General-45,000,000-45,000,000

Authority: Discretionary Inclusion.

A. To accomplish savings estimated at $45,000,000 each year, the Department of Planning and Budget is hereby authorized to transfer amounts to this Item from the general fund appropriation for educational and general programs of public colleges and universities as follows:

Institution

Annual Reduction

Christopher Newport University

$601,975

College of William and Mary

2,338,873

George Mason University

4,705,571

James Madison University

3,113,308

Longwood University

542,707

Norfolk State University

550,089

Old Dominion University

2,230,669

Radford University

1,113,249

University of Mary Washington

635,447

University of Virginia

8,160,065

University of Virginia at Wise

126,330

Virginia Commonwealth University

5,377,759

Virginia Military Institute

441,825

Virginia State University

637,174

Virginia Tech

6,133,525

Richard Bland College

64,754

Virginia Community College System

8,226,680

Total

$45,000,000

 

B. It is the intent of the General Assembly that these savings are to be achieved through productivity and operating efficiencies and not through new rate increases on tuition, fees, or other nongeneral fund enhancements imposed by the Boards of Visitors after September 1, 2014.

C. Notwithstanding the amounts appropriated in any item in Part 1, appropriation reductions required on the part of agencies to implement the savings enumerated in this Item are hereby authorized provided that such actions do not conflict with the provisions of § 4-1.02 of this act.

D. Any nongeneral fund appropriation change or changes in the appropriation of agency authorized positions required to implement the savings enumerated in this Item are hereby authorized.

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