(a) Beginning with the fiscal year commencing on the first day of July, one thousand nine hundred ninety-four, faculty salary increases shall be distributed within each state institution of higher education, to the extent of legislative appropriation therefor in accordance with a written institutional salary policy which achieves or moves toward the following goals:
(1) Each full-time faculty member receives at least the amount indicated by the minimum salary schedules pursuant to section two of this article;
(2) Each full-time faculty member within a discipline group receives a salary which is competitive with those in similar disciplines at peer institutions;
(3) Faculty are recognized for outstanding performance;
(4) Equity among salaries is maintained; and
(5) The institution's faculty are effectively involved in the administration of the campus-level faculty salary policy.
(b) To the extent of legislative appropriation therefor, for the fiscal year commencing on the first day of July, one thousand nine hundred ninety-four, an amount averaging one thousand dollars per full-time faculty member is recommended to be appropriated and distributed in that fiscal year for salary increases for full-time faculty members, and, for the fiscal year commencing on the first day of July, one thousand nine hundred ninety-five, an amount averaging two thousand dollars per full-time faculty member is recommended to be appropriated and distributed in that fiscal year for salary increases for full-time faculty members, such distribution to be in accordance with the resource allocation policies developed pursuant to the provisions of section two, article five of this chapter and the salary policies required in subsection (a) of this section.
(c) Subject to appropriation by the Legislature therefor, each full-time nonclassified administrative staff person shall be granted an annual salary increase for the fiscal year commencing on the first day of July, one thousand nine hundred ninety-three, of one thousand five hundred dollars; for the fiscal year commencing on the first day of July, one thousand nine hundred ninety-four, seven hundred fifty dollars and for the fiscal year commencing on the first day of July, one thousand nine hundred ninety-five, one thousand five hundred dollars.