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2012 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hanger
Co-Patron(s): Favola
SCHEV - Fund Two-Year Transfer Grant Legislation

Item 144 #2s

Item 144 #2s

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, after "Item," strike "$1,050,000" and insert "$2,350,000".
Page 126, line 42, after "and" strike $1,050,000" and insert "$2,650,000".


Explanation
(This amendment provides $1.3 million GF in the first year and $1.6 million GF in the second year for an increase in the number of students eligible for the two-year transfer grant based on SB 85 and SB 400. This legislation would raise the expected family contribution (EFC) from $8,000 to $12,000 making approximately 800 more students eligible in both years.)