169#1h (JMU) JMU Adjust Financial Aid. HB1301 - Committee Approved

State Budget

2012 Session

Budget Amendments - HB1301 (Committee Approved)

Bill Order » Item 169 #1h

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JMU Adjust Financial Aid

Item 169 #1h

Item 169 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
James Madison University	FY2013 ($211,445)	FY2014 ($211,445)	GF

Language
Page 138, line 46, strike "$10,882,798" and insert "$10,671,353".
Page 138, line 46, strike "$10,882,798" and insert "$10,671,353".
Page 139, strike lines 1 through 3.

Explanation
(This amendment redirects a proposed increase in financial aid to support increased operating funds contained in the House Appropriations Committee higher education package in order to moderate in-state undergraduate increases for all Virginia students.)

Item 169

Item 169	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$10,882,798	$10,882,798
Scholarships (10810)	FY2013 $10,492,576	FY2014 $10,492,576
Fellowships (10820)	FY2013 $390,222	FY2014 $390,222
Fund Sources:
General	FY2013 $7,341,338	FY2014 $7,341,338
Higher Education Operating	FY2013 $3,541,460	FY2014 $3,541,460

Authority: Title 23, Chapter 12.1, Code of Virginia.

Out of this appropriation, $211,445 the first year and $211,445 the second year from the general fund is provided for additional undergraduate financial assistance consistent with the objectives of the Higher Education Opportunity Act of 2011.