150#1h (CNU) CNU Adjust Financial Aid. HB1301 - Committee Approved

State Budget

2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

Bill Order » Item 150 #1h

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CNU Adjust Financial Aid

Item 150 #1h

Item 150 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
Christopher Newport University	FY2013 ($121,469)	FY2014 ($121,469)	GF

Language
Page 130, line 11, strike "$4,766,489" and insert "$4,645,020".
Page 130, line 11, strike "$4,766,489" and insert "$4,645,020".
Page 130, strike lines 16 through 18.

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 150

Item 150	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$4,766,489	$4,766,489
Scholarships (10810)	FY2013 $4,766,489	FY2014 $4,766,489
Fund Sources:
General	FY2013 $4,291,489	FY2014 $4,291,489
Higher Education Operating	FY2013 $475,000	FY2014 $475,000

Authority: Title 23, Chapter 5.3, Code of Virginia.

Out of this appropriation, $121,469 the first year and $121,469 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.