475#1h (CA) Transfer Grant. HB30 - Committee Approved

State Budget

2008 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 475 #1h

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Transfer Grant

Item 475 #1h

Item 475 #1h	First Year - FY2009	Second Year - FY2010
Central Appropriations
Central Appropriations	FY2009 ($1,800,000)	FY2010 $0	GF

Language
Page 434, line 44, strike "each" and insert "in the second".
Page 434, line 49, after "of", insert "Chapter 850 and".

Explanation
(This amendment defers the transfer grant program until fiscal year 2010. Based on the legislation, the first awards under this program will not be required until fiscal year 2010.)

Item 475

Item 475	First Year - FY2009	Second Year - FY2010
Two Year College Transfer Grant (11500)	$1,800,000	$1,800,000
Fund Sources:
General	FY2009 $1,800,000	FY2010 $1,800,000

A. Out of the appropriation for this item, the Director, Department of Planning and Budget shall transfer $1,800,000 each year to the State Council of Higher Education for Virginia for the Two-Year College Transfer Grant Program.

B. Once such funds are transferred, the State Council of Higher Education for Virginia shall disburse these funds consistent with the provisions of Chapter 899, 2007 Acts of Assembly.