Each public institution of higher education shall receive funds from the state general fund or sources other than the state general fund, or both, for each fiscal year of each biennium for:
1. Basic operations and instruction, as provided in § 23.1-303;
2. Each Virginia undergraduate student actually enrolled at the institution, as provided in § 23.1-304;
3. Need-based financial aid, as provided in § 23.1-306; and
4. Support for targeted financial incentives that encourage and reward progress toward the policy objectives specified in this chapter, as provided in § 23.1-305.
2011, cc. 828, 869, § 23-38.87:12; 2016, c. 588.
Structure Code of Virginia
Title 23.1 - Institutions of Higher Education; Other Educational and Cultural Institutions
Chapter 3 - The Virginia Higher Education Opportunity Act of 2011
§ 23.1-301. Short title; objective; purposes
§ 23.1-302. Public institutions of higher education; funding
§ 23.1-304. Per student enrollment-based funding at public institutions of higher education
§ 23.1-305. Public institutions of higher education; targeted economic and innovation incentives
§ 23.1-307. Public institutions of higher education; tuition and fees
§ 23.1-308. STEM public-private partnership established; duties
§ 23.1-309. Higher Education Advisory Committee established; duties
§ 23.1-310. Assessment and certification of institutions by the Council