2004 Session

Budget Amendments - SB30 (Committee Approved)

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CNU - Increase Student Financial Aid

Item 169 #1s

Item 169 #1s

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Christopher Newport University FY2005 $315,711 FY2006 $315,711 GF

Page 144, line 6, strike "$2,490,787" and insert "$2,806,498".
Page 144, line 6, strike "$2,490,787" and insert "$2,806,498".

(This amendment provides additional funding for student financial aid based on anticipated tuition increases in FY 2005. Although the state currently meets 35 percent of remaining need, on average, across all public colleges and universities, several institutions fall short of the state average. Incremental funding reflected in amendments to Senate Bill 30 in combination with the funds already included in the introduced budget are provided with the intent of meeting at least 35 percent of remaining need at all institutions while continuing to move all institutions to the state goal of meeting at least 50 percent of remaining need.)