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2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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SCHEV - Tuition Assistance Grant (TAG) Enrollment Growth

Item 142 #2s

Item 142 #2s

First Year - FY2015 Second Year - FY2016
Education: Higher Education
State Council of Higher Education for Virginia FY2015 ($2,296,026) FY2016 ($811,585) GF

Language
Page 141, line 5, strike "$72,596,213" and insert "$70,300,187".
Page 141, line 5, strike "$72,596,213" and insert "$71,784,628".
Page 141, line 20, strike the first instance of "$67,901,213" and insert "$65,605,187".
Page 141, line 20, strike the second instance of "$67,901,213" and insert "$67,089,628".
Page 141, line 33, strike "$3,300" and insert "$3,100".
Page 142, after line 27, insert:
"10.  The State Council of Higher Education for Virginia shall conduct a review of the Tuition Assistance Grant Program regarding participation by individual institutions, the level of financial need of participating students, and alternative options to consider regarding the awarding of grants in the future.  The Council shall report this information to the Chairmen of the House Appropriations and Senate Finance Committees by November 1, 2014."


Explanation
(This amendment would fund enrollment growth only in the tuition assistance grant (TAG) program, maintaining the awards for undergraduates at $3,100 per award. Funding would be decreased from the introduced budget but is still an increase over the base).