University of Virginia Library

APPROVAL OF THE SIX-YEAR INSTITUTIONAL PLAN PURSUANT TO THE RESTRUCTURED HIGHER EDUCATION FINANCIAL AND ADMINISTRATIVE OPERATIONS ACT

WHEREAS, the 2005 General Assembly passed HB 2866 and SB 1327 known as the Restructured Higher Education Financial and Administrative Operations Act, as amended by the Governor; and

WHEREAS, on June 11, 2005, the Board of Visitors of the University of Virginia passed a resolution committing to the Governor and to the General Assembly that it will meet the goals as set forth in the Act, in addition to such other responsibilities as prescribed by law as they pertain to the University of Virginia, the Medical Center, and the College at Wise; and

WHEREAS, § 23-9.2:3.02 of the Act requires governing boards of the public institutions of higher education to develop and adopt biennially a six-year plan and submit that plan to the State Council, the Governor, and the respective chairs of the House Committee on Appropriations and the Senate Committee on Finance no later than October 1st of each odd-numbered year;

RESOLVED, the Board of Visitors approves the six-year plans of the University’s Academic Division, the Medical Center, and the College at Wise; and

RESOLVED FURTHER, the President is authorized to transmit the six-year plans to the State Council, the Governor, and the respective chairs of the House Committee on Appropriations and the Senate Committee on Finance.

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There was further discussion of the proposed Management Agreement, and the Board adopted the following resolution approving the Agreement so far, and authorizing the administration of the University to continue negotiations and to finalize the Agreement before November 15th: