157#2s (CWM) CWM - Increase Student Financial Assistance. SB850 - Committee Approved

State Budget

2009 Session

Budget Amendments - SB850 (Committee Approved)

Bill Order » Item 157 #2s

View Budget Item
View Budget Item amendments

CWM - Increase Student Financial Assistance

Item 157 #2s

Item 157 #2s	First Year - FY2009	Second Year - FY2010
Education: Higher Education
The College of William and Mary in Virginia	FY2009 $0	FY2010 $164,003	GF

Language
Page 190, line 28, strike "$8,845,451" and insert "$9,009,454".

Explanation
(This amendment increases student financial assistance in FY 2010 to provide all institutions with a minimum six percent increase over FY 2009 or funding of 65 percent under the partnership model.)

Item 157

Item 157	First Year - FY2009	Second Year - FY2010
Higher Education Student Financial Assistance (10800)	~~$8,097,981~~ $8,845,451	~~$8,097,981~~ $8,845,451
Scholarships (10810)	FY2009 ~~$7,113,662~~ $7,596,286	FY2010 ~~$7,113,662~~ $7,596,286
Fellowships (10820)	FY2009 ~~$984,319~~ $1,249,165	FY2010 ~~$984,319~~ $1,249,165
Fund Sources:
General	FY2009 $3,417,694	FY2010 $3,417,694
Higher Education Operating	FY2009 ~~$4,680,287~~ $5,427,757	FY2010 ~~$4,680,287~~ $5,427,757

Authority: Title 23, Chapter 5, Code of Virginia.

Higher education operating funds appropriated in this program may be allocated for need-based aid to Virginia undergraduate students to enhance the quality and diversity of the student body.