Recognizing that college and university operating budgets were insufficient to fund repair or replacement of major building systems such as roofs, HVAC, plumbing, electrical and other systems, the Commonwealth began providing supplemental funds for this purpose in 1982. Each year, institutions of higher education report facilities maintenance deficiencies to the State Council of Higher Education for Virginia (SCHEV). SCHEV makes a Maintenance Reserve funding recommendation to the Governor each biennium.

Funding

The Commonwealth provides General Fund support for educational and general space. The University must provide funding for space which normally is supported with other than state funds. The cost of Maintenance Reserve projects in buildings that house both E&G and non-E&G activities cost-shared, based on distribution of space. The maintenance reserve has been funded each biennium since 1982-84.