2005 Session

Budget Amendments - SB700 (Committee Approved)

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Allocate graduate aid to in-state students only (language only)

Item 4-5.01 #1s

Item 4-5.01 #1s

Special Conditions and Restrictions on Expenditures
Transactions with Individuals

Page 576, after line 34, insert:
"d)  Effective July 1, 2005, new awards for non-Virginia graduate students shall be made entirely through the use of nongeneral funds.  An institution may use general fund appropriations only to continue awards for non-resident students who have received an award prior to July 1, 2005 and are in the process of completing their degree requirements.".
Page 576, line 35, strike "d)" and insert "e)".
Page 576, line 38, strike "e)" and insert "f)".
Page 576, line 40, strike "f)" and insert "g)".
Page 576, line 42, strike "g)" and insert "h)".
Page 576, line 43, strike "h)" and insert "i)".
Page 577, strike lines 24 through 25.

(This amendment requires that institutions of higher education allocate graduate aid awards supported from the general fund to Virginia students only. Currently, Virginia's public colleges and universities award, on average, 40 percent of their general fund appropriations for graduate aid -- or about $4.4 million GF annually -- to out-of-state students. This language allows institutions to continue funding out-of-state students already receiving an award but requires all future awards be dedicated to Virginia students.)