475#1c (CA) Transfer Grant Increase. SB850 - Conference Report

State Budget

2009 Session

Budget Amendments - SB850 (Conference Report)

Bill Order » Item 475 #1c

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Transfer Grant Increase

Item 475 #1c

Item 475 #1c	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 legislation that failed to pass during the 2009 Session.)

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.