183#1h (RU) Radford Redirect Fin Aid. HB5002 - Committee Proposed

State Budget

2014 Special Session I

Budget Amendments - HB5002 (Committee Proposed)

Bill Order » Item 183 #1h

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Radford Redirect Fin Aid

Item 183 #1h

Item 183 #1h	First Year - FY2015	Second Year - FY2016
Education: Higher Education
Radford University	FY2015 ($199,000)	FY2016 ($199,000)	GF

Language
Page 164, line 16, strike "$10,193,701" and insert "$9,994,701".
Page 164, line 16, strike "$10,193,701" and insert "$9,994,701".
Page 164, strike lines 22 through 25.

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 183

Item 183	First Year - FY2015	Second Year - FY2016
Higher Education Student Financial Assistance (10800)	$10,193,701	$10,193,701
Scholarships (10810)	FY2015 $9,523,089	FY2016 $9,523,089
Fellowships (10820)	FY2015 $670,612	FY2016 $670,612
Fund Sources:
General	FY2015 $8,286,230	FY2016 $8,286,230
Higher Education Operating	FY2015 $1,907,471	FY2016 $1,907,471

Authority: Title 23, Chapter 11.1, Code of Virginia.

Out of this appropriation, $199,000 the first year and $199,000 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.