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_ 233 Item Details($) Appropriations($) ITEM 130. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 House Appropriations and the Senate Finance and Appropriations Committees, the Office of the Secretary of Education, and the Department of Planning and Budget. The Council shall notify the Chairs of the House Appropriations Committee and Senate Finance and Appropriations Committee 30 days prior to releasing funds to institutions. 6. The Council shall report periodically on activities related to this initiative and make recommendations for any potential future support to institutions that successfully meet their defined outcomes. Additionally, by October 1 November 1 of each year within the performance period of any awarded institutional grant, the Council shall report to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees and the Secretary of Education on the outcomes and effectiveness of the awarded funds. Such report shall include, at minimum, data on recruitment, retention, and graduation of Pell-eligible students at institutions receiving funding and performance against the outcomes established in paragraph I.5. J. 1. As a condition of this appropriation, $20,000,000 each year $75,000,000 the first year and $65,000,000 the second year from the general fund is designated to offset the impact of programs under Title 23.1, Chapter 6, Code of Virginia. 2. The State Council of Education for Virginia shall work with public higher education institutions to determine the appropriate allocation of these funds. 3. Any unexpended balance in this item at the close of business on June 30 each year shall not revert to the general fund, but shall be carried forward and reappropriated to support the purposes specified in paragraphs J.1. and J.4. in the subsequent fiscal year. 4. By November 1 of each year, the Council shall report on the status of programs under Title 23.1, Chapter 6, Code of Virginia. 131. Financial Assistance For Educational and General Services (11000) $104,410 $104,410 Sponsored Programs (11004) $4,410 $4,410 Outstanding Faculty Recognition (11009) $100,000 $100,000 Fund Sources: Special $104,410 $104,410 Authority: Outstanding Faculty Recognition Program: Discretionary Inclusion. The State Council of Higher Education for Virginia shall annually provide a grant to faculty members selected to be honored under the Outstanding Faculty Recognition program from such private funds as may be designated for this purpose. The faculty members shall be selected from public and private institutions of higher education in Virginia, but recipients of Outstanding Faculty Recognition Awards shall not be eligible for the awards in subsequent years. 132. Higher Education Academic, Fiscal, and Facility Planning and Coordination (11100) $34,546,518 $35,046,518 $37,371,518 $31,677,467 Higher Education Coordination and Review (11104) $20,764,493 $23,264,493 $17,570,442 Regulation of Private and Out-of-State Institutions (11105) $1,486,763 $1,486,763 Institutional Program Support (11107) $12,295,262 $12,795,262 $12,620,262 Fund Sources: General $32,904,189 $33,404,189 $35,729,189 $30,035,138 Special $1,452,329 $1,452,329 Trust and Agency $190,000 $190,000 Authority: § 23.1-200, § 23.1-203, § 23.1-1107, § 23.1-629, § 23.1-903.4. A. 1. It is the intent of the General Assembly to provide general fund support to contract at a level equivalent to the Tuition Assistance Grant undergraduate award with Mary Baldwin University for Virginia women resident students to participate in the Virginia