220#1c (VMI) VMI - Increase Student Financial Assistance. HB1600 - Conference Report

State Budget

2009 Session

Budget Amendments - HB1600 (Conference Report)

Bill Order » Item 220 #1c

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VMI - Increase Student Financial Assistance

Item 220 #1c

Item 220 #1c	First Year - FY2009	Second Year - FY2010
Education: Higher Education
Virginia Military Institute	FY2009 $0	FY2010 $28,870	GF

Language
Page 234, line 35, strike "$1,271,762" and insert "$1,300,632".

Explanation
(This amendment provides $28,870 from the general fund in the second year as part of a systemwide increase to student financial aid of 8.5 percent.)

Item 220

Item 220	First Year - FY2009	Second Year - FY2010
Higher Education Student Financial Assistance (10800)	$1,271,762	$1,271,762
Scholarships (10810)	FY2009 $1,271,762	FY2010 $1,271,762
Fund Sources:
General	FY2009 $721,762	FY2010 $721,762
Higher Education Operating	FY2009 $550,000	FY2010 $550,000

Authority: Title 23, Chapter 10, § 23-105, Code of Virginia.

Out of the amounts for Scholarships and Loans, the Institute shall provide for State Cadetships and for discretionary student aid.