Budget Amendment ID: FY2020-S3-255

EDU 255

State University Funding Formula

Ms. Gobi, Messrs. Moore, Brady and O'Connor moved that the proposed new text be amended in section 2, by inserting after item 7066-0025, the following item:

“7066-1400    For additional operational funding for state universities for efforts which advance the goals of the commonwealth vision project; provided, that funds from this account shall be distributed in accordance with the funding formula in line item 7066-1400 of section 2 of chapter 165 of the acts of 2014; provided further, that funding from this item shall be contingent upon approval of the funding formula by the board of higher education; provided further, that not later than March 2, 2020 the state universities shall report on the total balance in all budgeted and off-budget funds; and provided further, that the allocation of funds shall be approved by the board of higher education ......................................$2,624,536