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Budget Summary FY2017

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70661400 - State University Incentive Grants
Data Current as of:  8/9/2016

Account Description FY2016
7066-1400 State University Incentive Grants
For additional operational funding for state universities for efforts which advance the goals of the commonwealth vision project; provided, that funds from this account shall be distributed in accordance with the funding formula in line item 7066-1400 of section 2 of chapter 165 of the acts of 2014; provided further, that funding from this item shall be contingent upon approval of the funding formula by the board of higher education; provided further, that not later than March 1, 2017 the state universities shall report on the total balance in all budgeted and off-budget funds; and provided further, that the allocation of funds shall be approved by the board of higher education

5,560,108 2,477,908

Veto Explanation:   I am reducing this item to the amount projected to be necessary.