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_ 632 Item Details($) Appropriations($) ITEM 472. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 $3,000,000 from such amounts shall first be directed to the Virginia Tourism Authority (320) to support accelerating inbound visitor demand through a paid media advertising campaign. The Virginia Tourism Authority shall use $400,000 of these funds for a targeted advertising campaign to promote Virginia wineries and state parks. For any amounts returned after the initial $3,000,000, up to $169,898,356 shall be directed to Direct Aid for Public Education (197) to be used to supplement funding for the Child Care Subsidy Program included in Item 125.10. 3. Any amounts that exceed the thresholds established in the previous paragraph shall be directed to the Department of Environmental Quality (440) to be used to support the Enhanced Nutrient Removal Certainty program. If the Department of Environmental Quality, in consultation with the Department of Planning and Budget, determines that all or a portion of such amounts cannot be obligated by the obligation deadline established by the United States Department of the Treasury, the excess amount shall be directed to Direct Aid for Public Education (197) to supplement funding for the Child Care Subsidy Program. 4. For any ARPA-SLRF-funded ventilation improvement grants issued pursuant to Chapter 1, Item 479.20 B.2.h.1, 2021 Special Session II, school boards shall obligate such funds no later than July 1, 2024. 473. Educational and General Programs (10000) $28,930,454 $28,930,454 Higher Education Instruction (10001) $28,930,454 $28,930,454 Fund Sources: General $28,930,454 $28,930,454 A. Out of this appropriation, $28,930,454 the first year and $28,930,454 the second year from the general fund is designated for the Tech Talent Investment Fund. These funds shall be allocated in accordance with provisions established in §23.1-1239 through §23.1-1243, Code of Virginia, and shall be used to support the efforts of qualified institutions to increase by fiscal year 2039 the number of new eligible degrees by at least 25,000 more degrees than the number of such degrees awarded in 2018 and to improve the readiness of graduates to be employed in technology-related fields and fields that align with traded-sector growth opportunities identified by the Virginia Economic Development Partnership. Funds may be used to support admissions and advising programs designed to convey labor market information to students to guide decisions to enroll in eligible degree programs and academic programs and to fund facility construction, renovation, and enhancement and equipment purchases related to the initiative to increase the number of eligible degrees awarded. B. Prior to an allocation from the Fund, institutions must enter into a Memorandum of Understanding (MOU) through a negotiation process between the institution and the Commonwealth. The MOU shall contain criteria for eligible degrees, eligible expenses, and degree production goals for a period ending in 2039. In addition, each institution shall (i) submit an enrollment plan detailing the number of eligible degrees produced between July 1, 2013, and June 30, 2018; (ii) develop a detailed plan of how the institution proposes to materially increase the enrollment, retention, and graduation of students pursuing eligible degrees, the resources necessary to accomplish such increase in enrollment, retention, and graduation, and plans to track new enrollment; (iii) provide an accounting of the anticipated number of in-state and out-of-state students enrolling in eligible degree programs; (iv) determine the existing capacity of current eligible degree programs; (v) propose plans to partner with other institutions to provide courses or programs that will lead to the completion of an eligible degree including articulation agreements with the Virginia Community College System to provide guaranteed admission for qualified students with an associate degree for transfer into an eligible degree program; (vi) allocate existing funds held by or appropriated to the institution to meet increased enrollment, retention, and graduation goals in eligible degree programs; and (vii) provide any other information deemed relevant. C. Failure of an institution to meet the goals, metrics, and requirements set forth in its memorandum of understanding shall result in the adjustment of any future allocations from the Fund to the institution to reflect such discrepancy. D. 1. Notwithstanding §23.1-1242 of the Code of Virginia, for the 2024-26 biennium eligibility for grant payments shall be determined by the requirements stipulated in each institution's MOU. I VETO ITEM 473. ON PAGES 632-633 /s/ Glenn Youngkin 5-2-25