2003 Session

Budget Amendments - HB1400 (Committee Approved)

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SCHEV - Student Financial Aid

Item 164 #2h

Item 164 #2h

First Year - FY2003 Second Year - FY2004
Education: Higher Education
State Council of Higher Education for Virginia FY2003 $0 FY2004 $5,700,000 GF

Page 168, line 26, strike "$41,039,854" and insert "$46,739,854".
Page 170, after line 35, insert:
"G. Out of the appropriation in this item, $5,700,000 the second year is provided to improve access to, and affordability of, higher education through increased need-based financial aid for Virginia resident undergraduate students.  The funding shall be distributed to higher education institutions consistent with the needs of the students at those institutions.  The Director, State Council of Higher Education for Virginia, shall submit a report by July 15, 2003, to the Chairmen of the House Appropriations and Senate Finance Committees setting out the distribution of these funds."

(This amendment provides additional general fund for Student Financial Assistance to meet additional student need resulting from recent tuition increases.)