The funding policy for public institutions of higher education shall be comprised of amounts for each institution from the state general fund, from funds other than the state general fund, or both, for each fiscal year of a biennium for:
1. Basic operations and instruction, as provided in § 23-38.87:13;
2. Each Virginia undergraduate student actually enrolled at the institution, as provided in § 23-38.87:14;
3. Need-based financial aid, as provided in § 23-38.87:15; and
4. Support for targeted financial incentives that encourage and reward progress toward the policy objectives specified in this chapter, as provided in § 23-38.87:16.
History
2011, cc. 828, 869.
