240#2s (VMI) VMI Elim Fin Aid as Introd. SB30 - Committee Approved

State Budget

2002 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item 240 #2s

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VMI Elim Fin Aid as Introd

Item 240 #2s

Item 240 #2s	First Year - FY2003	Second Year - FY2004
Education: Higher Education
Virginia Military Institute	FY2003 ($20,326)	FY2004 ($25,204)	GF

Language
Page 185, line 30, strike "$740,177" and insert "$719,851".
Page 185, line 30, strike "$745,055" and insert "$719,851".

Explanation
(This amendment eliminates an increase in financial aid provided in the budget as introduced. A separate amendment provides sufficient financial aid to maintain the current level of aid based on the remaining need calculation, assuming a tuition increase in each year of the biennium.)

Item 240

Item 240	First Year - FY2003	Second Year - FY2004
Higher Education Student Financial Assistance (10800)	$740,177	$745,055
Scholarships (10810)	FY2003 $740,177	FY2004 $745,055
Fund Sources:
General	FY2003 $540,177	FY2004 $545,055
Higher Education Operating	FY2003 $200,000	FY2004 $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.