2014 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: O'Bannon
VCSP - Additional Administrative Support

Item 481 #1h

Item 481 #1h

First Year - FY2015 Second Year - FY2016
Independent Agencies
Virginia College Savings Plan FY2015 $1,604,071 FY2016 $1,559,071 NGF
FY2015 10.00 FY2016 10.00 FTE

Page 416, line 7, strike "$9,714,752" and insert "$11,318,823".
Page 416, line 7, strike "$9,714,940" and insert "$11,274,011".

(This amendment provides $1.6 million from the nongeneral fund and 10 additional positions for additional administrative support for the Virginia College Savings Plan. The introduced budget included seven additional positions and $712,269 in additional administrative funding each year. This amendment, in addition to the amount included in the introduced budget, would equal the amount requested by the VCSP Board to meet the significant growth in the programs in recent years.)