2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Ruff
Co-Patron(s): Rerras
SCHEV state matching funds for GEAR Up

Item 164 #1s

Item 164 #1s

First Year - FY2003 Second Year - FY2004
Education: Higher Education
State Council of Higher Education for Virginia FY2003 $0 FY2004 $1,050,000 GF

Page 168, line 26, strike "$41,039,854" and insert "$42,089,854".
Page 170, line 31, after "$2,100,000" insert:
"and $1,050,000 the second year"
Page 170, line 33, strike "two" and insert "three"
Page 170, line 35, after "grant." insert:
"The federal grant requires an annual state match for a period of five years.""

(This amendment provides the third year of state matching funds for the federal Gear Up grant. The federal grant, totaling more than $10 million, requires an annual match of $1.05 million for five years.)