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2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

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SCHEV - Two-Year Transfer Grant - EFC

Item 144 #1s

Item 144 #1s

First Year - FY2013 Second Year - FY2014
Education: Higher Education
State Council of Higher Education for Virginia FY2013 $1,300,000 FY2014 $1,300,000 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 "$70,871,415".
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 "$2,350,000".
Page 126, line 43, after "Program.", insert: "Students with an expected family contribution of no more than $12,000 and who meet other requirements of the program are eligible for the grant."


Explanation
(This amendment provides $1.3 million GF in each year for an increase in the number of students eligible for the two-year transfer grant based on language raising the expected family contribution (EFC) from $8,000 to $12,000, making approximately 800 more students eligible in both years.)