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2012 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Tata
HB 437 Transfer Grant Eligibility Fiscal Impact

Item 144 #2h

Item 144 #2h

First Year - FY2013 Second Year - FY2014
Education: Higher Education
State Council of Higher Education for Virginia FY2013 $1,300,000 FY2014 $1,600,000 GF

Language
Page 124, line 33, strike "$69,571,415" and insert "$70,871,415".
Page 124, line 33, strike "$69,571,415" and insert "$71,171,415".
Page 126, line 42, strike the first "$1,050,000" and insert "$2,350,000".
Page 126, line 42, strike the second "$1,050,000" and insert "$2,650,000".


Explanation
(This amendment requests additional funding to cover the fiscal impact of House Bill 437 which would broaden the eligibility for the Two-Year College Transfer Grant Program by including students whose Expected Family Contribution, as calculated by the federal government using the family's financial information reported on the Free Application for Federal Student Aid (FAFSA) is no more than $12,000. Currently the program is available only to students whose Expected Family Contribution is no more than $8,000.)