219#1h (VMI) VMI Redirect Fin Aid. HB1500 - Committee Approved

State Budget

2013 Session

Budget Amendments - HB1500 (Committee Approved)

Bill Order » Item 219 #1h

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VMI Redirect Fin Aid

Item 219 #1h

Item 219 #1h	First Year - FY2013	Second Year - FY2014
Education: Higher Education
Virginia Military Institute	FY2013 $0	FY2014 ($5,360)	GF

Language
Page 194, line 33, strike "$2,534,480" and insert "$2,529,120".
Page 194, line 40, before "Out", insert "A."
Page 194, after line 41, insert:
"B. Out of this appropriation, an additional $5,360 the second year from the general fund is designated to support work study financial aid programs."

Explanation
(This amendment clarifies that the additional funding provided in this item is intended to support work study financial aid programs. A companion amendment in Item 218 redirects a portion of the proposed financial aid increase for operating costs.)

Item 219

Item 219	First Year - FY2013	Second Year - FY2014
Higher Education Student Financial Assistance (10800)	$2,523,760	~~$2,523,760~~ $2,534,480
Scholarships (10810)	FY2013 $2,523,760	FY2014 ~~$2,523,760~~ $2,534,480
Fund Sources:
General	FY2013 $823,760	FY2014 ~~$823,760~~ $834,480
Higher Education Operating	FY2013 $1,700,000	FY2014 $1,700,000

Authority: Title 23, Chapter 10, § 23-105, Code of Virginia.

Out of the amounts for Scholarships and Loans, the Institute shall provide for State Cadetships and for discretionary student aid.