165#1h (GMU) GMU Adjust Financial Aid. HB30 - Committee Approved

State Budget

2012 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 165 #1h

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GMU Adjust Financial Aid

Item 165 #1h

Item 165 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
George Mason University	FY2013 ($600,730)	FY2014 ($600,730)	GF

Language
Page 137, line 1, strike "$24,618,375" and insert "$24,017,645".
Page 137, line 1, strike "$24,618,375" and insert "$24,017,645".
Page 137, strike lines 7 through 9.

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 165

Item 165	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$24,618,375	$24,618,375
Scholarships (10810)	FY2013 $20,447,657	FY2014 $20,447,657
Fellowships (10820)	FY2013 $4,170,718	FY2014 $4,170,718
Fund Sources:
General	FY2013 $16,127,375	FY2014 $16,127,375
Higher Education Operating	FY2013 $8,491,000	FY2014 $8,491,000

Authority: Title 23, Chapter 9.1, Code of Virginia.

Out of this appropriation, $600,730 the first year and $600,730 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.