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2018 SESSION

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HB 982 Higher educational institutions, public; funding.

Introduced by: Glenn R. Davis | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Public institutions of higher education; funding. Eliminates the targeted financial incentives currently made available to public institutions of higher education and provides that (i) 50 percent of the funds appropriated for public institutions of higher education from the state general fund or sources other than the state general fund, or both, for each fiscal year of each biennium shall be equitably apportioned among each public institution of higher education for basic operations and instruction, each Virginia undergraduate student actually enrolled at the institution, and need-based financial aid and (ii) the other 50 percent shall be apportioned among such institutions on the basis of performance metrics: percentage of Virginia students enrolled, tuition rates, average amount of time it takes students to complete degrees, student graduation rates, and student employment rates and median salaries six months after graduation.


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