475#1h (CA) Transfer Grant Increase. HB1600 - Committee Approved

State Budget

2009 Session

Budget Amendments - HB1600 (Committee Approved)

Bill Order » Item 475 #1h

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Transfer Grant Increase

Item 475 #1h

Item 475 #1h	First Year - FY2009	Second Year - FY2010
Central Appropriations
Central Appropriations	FY2009 $0	FY2010 ($1,317,440)	GF

Language
Page 526, line 22, strike "$3,117,440" and insert "$1,800,000".
Page 526, line 27, strike "$3,117,440" and insert "$1,800,000".

Explanation
(This amendment removes the proposed increase to the new transfer grant program which was contingent upon passage of House Bill 2295.)

Item 475

Item 475	First Year - FY2009	Second Year - FY2010
Two Year College Transfer Grant (11500)	$300,000	~~$1,800,000~~ $3,117,440
Fund Sources:
General	FY2009 $300,000	FY2010 ~~$1,800,000~~ $3,117,440

A. Out of the appropriation for this item, the Director, Department of Planning and Budget shall transfer $300,000 the first year and ~~$1,800,000~~ $3,117,440 the second 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 for full-time students consistent with the provisions of Chapter 850 and Chapter 899, 2007 Acts of Assembly.