235#2h (VMI) VMI-Financial Aid Increase. HB1600 - Committee Approved

State Budget

2001 Session

Budget Amendments - HB1600 (Committee Approved)

Bill Order » Item 235 #2h

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VMI-Financial Aid Increase

Item 235 #2h

Item 235 #2h	First Year - FY2001	Second Year - FY2002
Education: Higher Education
Virginia Military Institute	FY2001 $0	FY2002 $54,650	GF

Language
Page 232, line 36, strike "$769,851" and insert "$824,501".

Explanation
(This amendment provides a 2 percent increase in undergraduate student financial aid.)

Item 235

Item 235	First Year - FY2001	Second Year - FY2002
Higher Education Student Financial Assistance (10800)	$763,241	~~$719,851~~ $769,851
Scholarships (10810)	FY2001 $763,241	FY2002 ~~$719,851~~ $769,851
Fund Sources:
General	FY2001 $563,241	FY2002 ~~$519,851~~ $569,851
Higher Education Operating	FY2001 $200,000	FY2002 $200,000

Authority: Title 23, Chapter 10, § 23-105, Code of Virginia.

Out of the amounts for Scholarships and Loans, the Institute shall provide for State Cadetships as provided under § 23-105, Code of Virginia, and for discretionary student aid.