220#1s (VMI) VMI - Increase Student Financial Assistance. SB850 - Committee Approved

State Budget

2009 Session

Budget Amendments - SB850 (Committee Approved)

Bill Order » Item 220 #1s

View Budget Item
View Budget Item amendments

VMI - Increase Student Financial Assistance

Item 220 #1s

Item 220 #1s	First Year - FY2009	Second Year - FY2010
Education: Higher Education
Virginia Military Institute	FY2009 $0	FY2010 $43,306	GF

Language
Page 234, line 35, strike "$1,271,762" and insert "$1,315,068".

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 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.