2005 Session

Budget Amendments - SB700 (Member Request)

Chief Patron: Chichester
Council of Presidents - Financial Aid

Item 506.20 #7s

Item 506.20 #7s

First Year - FY2005 Second Year - FY2006
Central Appropriations
Central Appropriations FY2005 $0 FY2006 $52,956,360 GF

Higher Education Student Financial Aid Fund
"Out of this appropriation, $44,655,297 the second year is provided from the general fund for need-based undergraduate, student financial aid.  The remaining $8,301,063 is provided for graduate student financial aid."

(This amendment reflects the Council of Presidents' request to meet 50 percent of remaining undergraduate student need in FY 2006 and provide additional funding for graduate student aid. These funds are provided in addition to the $9.1 million supplement recommended by the Governor in the institutions' individual budgets.)