2003 Session

Budget Amendments - SB700 (Committee Approved)

Increase student financial aid

Item 505.10 #1s

Item 505.10 #1s

First Year - FY2003 Second Year - FY2004
Central Appropriations
Central Appropriations FY2003 $0 FY2004 $3,000,000 GF

Page 484, after line 30, insert:
"505.  Out of this appropriation, $3,000,000 is provided from the general fund in the second year for need-based financial aid for Virginia resident undergraduate students.  The State Council of Higher Education for Virginia shall distribute these funds to the higher education institutions based on their need calculations."

(This amendment provides additional funding for student financial aid in light of anticipated tuition increases at public institutions of higher education.)