2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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SCHEV - Fund Two-Year Transfer Grant Legislation

Item 144 #2c

Item 144 #2c

First Year - FY2013 Second Year - FY2014
Education: Higher Education
State Council of Higher Education for Virginia FY2013 $600,000 FY2014 $600,000 GF

Page 124, line 33, strike "$69,571,415" and insert "$70,171,415".
Page 124, line 33, strike "$69,571,415" and insert "$70,171,415".
Page 126, line 42, strike "$1,050,000" and "$1,050,000" and insert:
"$1,650,000" and $1,650,000".
Page 126, line 45, after "Virginia.", insert:
"Beginning with students who are entering a senior institution as a two-year transfer student for the first time in the fall 2012 academic year, and who otherwise meet the eligibility criteria of § 23-38.10:10, the maximum EFC is raised to $9,000."

(This amendment provides $600,000 from the general fund in each year for an increase in the number of students eligible for the two-year transfer grant based on increasing the expected family contribution (EFC) from $8,000 to $9,000 for new transfer students entering a senior institution in the fall of 2012.)