214#2s (VCCS) VCCS - Increase Student Financial Assistance. SB850 - Committee Approved

State Budget

2009 Session

Budget Amendments - SB850 (Committee Approved)

Bill Order » Item 214 #2s

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VCCS - Increase Student Financial Assistance

Item 214 #2s

Item 214 #2s	First Year - FY2009	Second Year - FY2010
Education: Higher Education
Virginia Community College System	FY2009 $0	FY2010 $25,000	GF

Language
Page 232, line 19, strike "$223,755,598" and insert "$223,780,598".

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 214

Item 214	First Year - FY2009	Second Year - FY2010
Higher Education Student Financial Assistance (10800)	$151,302,536	~~$155,108,638~~ $223,755,598
Scholarships (10810)	FY2009 $151,302,536	FY2010 ~~$155,108,638~~ $223,755,598
Fund Sources:
General	FY2009 $24,432,485	FY2010 ~~$24,432,485~~ $35,897,245
Higher Education Operating	FY2009 $126,870,051	FY2010 ~~$130,676,153~~ $187,858,353

Authority: Title 23, Chapter 16, Code of Virginia.