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SPONSOR: |
Beam |
DATE TYPED: |
02/20/03 |
HB |
567 |
||
SHORT TITLE: |
Faculty Endowment Fund |
SB |
|
||||
|
ANALYST: |
Williams |
|||||
APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
|
$2,000.0 |
|
|
Non-Recurring |
General |
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Duplicates SB 455: Faculty Development Fund
Relates to
SB 466:
Economic Development Professorships
HB 391/SB 366:
LFC Technology Enhancement Fund
HB 392/SB 370:
LFC Higher Education Program Development Enhancement Fund
HB 393/SB 369:
LFC Work Force Skills Development Fund
HB 394/SB 368:
LFC Work Force Skills Development Fund
HJM 27/SJM 25:
LFC Higher Education Performance Fund
HB 160/SB 221:
Work Force Skills Development Fund
Commission
on Higher Education (CHE)
SUMMARY
Synopsis
of Bill
Senate Bill 455
appropriates $2,000.0 from the General Fund to the CHE for the faculty endowment
fund.
FISCAL IMPLICATIONS
The appropriation of
$2,000.0 contained in this bill is a non-recurring expense to the general
fund. Any unexpended or unencumbered
balance remaining at the end of the fiscal year shall not revert.
OTHER SUBSTANTIVE ISSUES
CHE notes the
mechanism authorized in this bill is consistent with the Blue Ribbon Task Force
on Higher Education-recommended Base Plus Incentives funding approach.
The faculty endowment
fund was created during the 2002 legislative session.
AW/ls