240#3s (VMI) VMI Increase Financial Aid. SB30 - Committee Approved

State Budget

2002 Session

Budget Amendments - SB30 (Committee Approved)

Bill Order » Item 240 #3s

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VMI Increase Financial Aid

Item 240 #3s

Item 240 #3s	First Year - FY2003	Second Year - FY2004
Education: Higher Education
Virginia Military Institute	FY2003 $20,745	FY2004 $43,096	GF

Language
Page 185, line 30, strike "$740,177" and insert "$760,922".
Page 185, line 30, strike "$745,055" and insert "$788,151".

Explanation
(This amendment provides additional funding to maintain the current level of financial aid, 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.