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2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Krupicka
Co-Patron(s): Hope, Kory, McQuinn, Ward, Watts
SCHEV Scholarship Program (language only)

Item 142 #3h

Item 142 #3h

Education: Higher Education
State Council of Higher Education for Virginia

Language
Page 143, after line 9, insert:
"H. 1. The State Council of Higher Education for Virginia shall promulgate procedures that create a need- and merit-based college and university scholarship program for students seeking early childhood education certificates and/or degrees.
2.  The Department of Planning and Budget shall transfer 20 percent of the prior fiscal year's unused Virginia Preschool Initiative funding from program 17805 of Item 136 to finance this scholarship.
3. The amount of the scholarship is an estimate depending on the number of students eligible and the funding transferred under paragraph H.2.  Changes that increase or decrease the grant amount shall be determined by the State Council of Higher Education for Virginia.
4. The Director, State Council of Higher Education for Virginia, shall allocate these funds to public institutions of higher education on behalf of students qualifying for this scholarship.
5. Each institution of higher education shall report the number of recipients for this program to the State Council of Higher Education for Virginia by April 1 of each year.  The State Council of Higher Education for Virginia shall report this information to the Chairmen of the House Appropriations and Senate Finance Committees by May 15 of each year."


Explanation
(This amendment proposes a new scholarship program from unused preschool initiative funding.)