235#1s (VMI) VMI Redirect Financial Aid Funding. SB800 - Committee Approved

State Budget

2001 Session

Budget Amendments - SB800 (Committee Approved)

Bill Order » Item 235 #1s

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VMI Redirect Financial Aid Funding

Item 235 #1s

Item 235 #1s	First Year - FY2001	Second Year - FY2002
Education: Higher Education
Virginia Military Institute	FY2001 $0	FY2002 ($50,000)	GF

Language
Page 232, line 36, strike "$769,851" and insert "$719,851".

Explanation
(This amendment redirects funding provided in the budget as introduced for financial aid under a new allocation methodology. A separate amendment provides financial aid funding in the second year to match funding provided in the 2000 Session of the General Assembly for the first year only.)

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.