2003 Session

Budget Amendments - HB1400 (Committee Approved)

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VCCS - Eminent Scholars (language only)

Item 232 #2h

Item 232 #2h

Education: Higher Education
Virginia Community College System

Page 222, after line 56, insert:
"V. The State Board for Community Colleges is authorized to establish procedures whereby community college foundations will be eligible to create endowments for which the investment earnings on qualified gifts by donors would be eligible for up to a 100 percent match by the state, if such endowments are created for the purpose of enhancing selected academic offerings to provide education and training for high cost or demand occupations identified as critical to the economic vitality of the Commonwealth."

(This amendment is self-explanatory.)