230#1h (VSU) VSU Adjust Financial Aid. HB1301 - Committee Approved

State Budget

2012 Special Session I

Budget Amendments - HB1301 (Committee Approved)

Bill Order » Item 230 #1h

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VSU Adjust Financial Aid

Item 230 #1h

Item 230 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
Virginia State University	FY2013 ($219,434)	FY2014 ($219,434)	GF

Language
Page 171, line 1, strike "$9,390,615" and insert "$9,171,181".
Page 171, line 1, strike "$9,390,615" and insert "$9,171,181".
Page 171, strike lines 7 through 9.

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 230

Item 230	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$9,390,615	$9,390,615
Scholarships (10810)	FY2013 $9,130,727	FY2014 $9,130,727
Fellowships (10820)	FY2013 $259,888	FY2014 $259,888
Fund Sources:
General	FY2013 $5,832,792	FY2014 $5,832,792
Higher Education Operating	FY2013 $3,557,823	FY2014 $3,557,823

Authority: Title 23, Chapter 13, Code of Virginia.

Out of this appropriation, $219,434 the first year and $219,434 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.