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2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Saslaw
SCHEV - Increase Funding for Undergraduate Need-Based Aid

Item 142 #3s

Item 142 #3s

First Year - FY2015 Second Year - FY2016
Education: Higher Education
State Council of Higher Education for Virginia FY2015 $5,500,000 FY2016 $19,500,000 GF

Language
Page 141, line 5, strike "$72,596,213" and insert "$78,096,213".
Page 141, line 5, strike "$72,596,213" and insert "$92,096,213".
Page 143, after line 9, insert:
"H.  Out of this appropriation, $5,500,000 the first  year and $19,500,000 the second year from the general fund is designated for the Virginia Student Financial Assistance Program.  The State Council of Higher Education for Virginia shall distribute these amounts to Virginia's public colleges and universities using the current methodology."


Explanation
(This amendment would provide $5.5 million GF in the first year and $19.5 million GF in the second year for need-based undergraduate financial aid. The funding would be distributed to the public institutions of higher education based on the current funding methodology.)