1999 Session

Budget Amendments - HB1450 (Committee Approved)

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TAG Balance

Item 158 #1h

Item 158 #1h

First Year - FY1999 Second Year - FY2000
Education: Higher Education
State Council of Higher Education for Virginia FY1999 $0 FY2000 ($553,397) GF

Page 151, line 8, strike "$41,636,605" and insert "$41,083,208".
Page 152, strike lines 13 through 23 and insert:
"2.  Any appropriations in the Tuition Assistance Grant Program which are unexpended at the end of each fiscal year shall revert to the State Council of Higher Education for inclusion the following fiscal year in pro rata distributions to the need-based undergraduate financial aid programs of the public institutions of higher education.  However, no part of the amount appropriated for tuition assistance grants in a fiscal year shall revert to the State Council until every effort has been made to make grants of up to $2,600 in that fiscal year to all qualified students who apply.  However, the unexpended balance at the end of fiscal year 1999 shall be reappropriated and allotted to the fiscal year 2000 Tuition Assistance Grant Appropriation."

(This amendment makes a technical clarification to language relating to the reversion of balances in the appropriation for Tuition Assistance Grants, and reduces the second year TAG appropriation by $553,397 to reflect an anticipated first year balance that would be carried forward under the amendment.)