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2005 Session

Budget Amendments - HB1500 (Committee Approved)

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VPI Remove grad aid

Item 243 #1h

Item 243 #1h

First Year - FY2005 Second Year - FY2006
Education: Higher Education
Virginia Polytechnic Institute and State University FY2005 $0 FY2006 ($854,350) GF
FY2005 $0 FY2006 $1,033,250 NGF

Language
Page 222, line 5, strike "$13,814,595" and insert "$13,993,495".
Page 222, line 15, before "Out", insert "A."
Page 222, after line 25, insert:
"B. Virginia Polytechnic Institute and State University shall ensure that general funds appropriated in this item for graduate financial aid are directed toward in-state Virginia students only.  Graduate financial aid for non-Virginia graduate students shall be derived from nongeneral fund sources other than tuition and fee revenues."


Explanation
(This amendment removes graduate financial aid in the introduced budget and directs general fund appropriated for such aid to be used for Virginia students only. Institutions may use nongeneral fund sources other than tuition and fees to provide financial aid for non-Virginia students.)