207#1h (VCU/AD) VCU Adjust Financial Aid. HB1301 - Committee Approved

State Budget

2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

Bill Order » Item 207 #1h

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VCU Adjust Financial Aid

Item 207 #1h

Item 207 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
Virginia Commonwealth University	FY2013 ($731,235)	FY2014 ($731,235)	GF

Language
Page 157, line 31, strike "$30,480,741" and insert "$29,749,506".
Page 157, line 31, strike "$30,480,741" and insert "$29,749,506".
Page 157, strike lines 37 through 39.

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 207

Item 207	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$30,480,741	$30,480,741
Scholarships (10810)	FY2013 $27,845,493	FY2014 $27,845,493
Fellowships (10820)	FY2013 $2,635,248	FY2014 $2,635,248
Fund Sources:
General	FY2013 $22,430,741	FY2014 $22,430,741
Higher Education Operating	FY2013 $8,050,000	FY2014 $8,050,000

Authority: Title 23, Chapter 6.1, Code of Virginia.

Out of this appropriation, $731,235 the first year and $731,235 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.