179#1h (ODU) ODU Redirect Fin Aid. HB5002

State Budget

2014 Special Session I

Budget Amendments - HB5002 (Committee Approved)

Bill Order » Item 179 #1h

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ODU Redirect Fin Aid

Item 179 #1h

Item 179 #1h	First Year - FY2015	Second Year - FY2016
Education: Higher Education
Old Dominion University	FY2015 ($1,600,000)	FY2016 ($1,600,000)	GF

Language
Page 162, line 8, strike "$20,752,076" and insert "$19,152,076".
Page 162, line 8, strike "$20,752,076" and insert "$19,152,076".
Page 162, strike lines 13 through 16.
Page 162, line 17, strike "B".

Explanation
(This amendment redirects the proposed new financial aid funding into operating support at public colleges and universities in order to ensure overall tuition and fee remains affordable for in-state undergraduate students.)

Item 179

Item 179	First Year - FY2015	Second Year - FY2016
Higher Education Student Financial Assistance (10800)	$20,752,076	$20,752,076
Scholarships (10810)	FY2015 $18,293,350	FY2016 $18,293,350
Fellowships (10820)	FY2015 $2,458,726	FY2016 $2,458,726
Fund Sources:
General	FY2015 $20,752,076	FY2016 $20,752,076

Authority: Title 23, Chapter 5.2, Code of Virginia.

A. Out of this appropriation, $1,600,000 the first year and $1,600,000 the second year from the general fund is provided to support undergraduate financial assistance and work study programs for low and middle income Virginia students consistent with the objectives of the Higher Education Opportunity Act of 2011.

B. Out of this appropriation, $220,992 the first year and $220,992 the second year from the general fund is provided to support graduate financial aid.

State Budget

2014 Special Session I

Budget Amendments - HB5002 (Committee Approved)

ODU Redirect Fin Aid

Item 179 #1h

Item 179 #1h

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Item 179