2006 Session

Budget Amendments - SB30 (Committee Approved)

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SCHEV - VCCS Transfer Scholarship Grant

Item 208 #5s

Item 208 #5s

First Year - FY2007 Second Year - FY2008
Education: Higher Education
Virginia Community College System FY2007 $0 FY2008 $50,000 GF

Page 179, line 5, strike "$684,276,997" and insert "$684,326,997".
Page 183, after line 16, insert:
"V.  Out of this appropriation, $50,000 from the general fund is provided each year to cover the administrative costs of implementing the Community College Transfer Grant Program."

(This amendment provides funding to begin implementing the Community College Transfer Grant in accordance with Senate Bill 540, as amended. Under this legislation, students enrolling in the Fall 2006 could become eligible to receive a grant as early as Spring 2009. Although there is no fiscal impact tied to the grant reimbursement program this biennium, the Virginia Community College System anticipates that it will incur some administrative costs as it makes the public aware of the program and begins working with students who are interested in participating in the program.)