2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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GMU - Lanauge To Transfer Discontinued Loan Funds (language only)

Item 163 #2s

Item 163 #2s

Education: Higher Education
George Mason University

Page 154, after line 7, insert:
"C.  Notwithstanding the provisions of § 4-5.01.5.b) of this Act, George Mason University is hereby authorized to transfer the balance of its discontinued student loan funds to an endowment fund established by the University to be used for undergraduate and graduate students in the Higher Education Student Financial Assistance Program."

(This amendment provides language to allow George Mason University (GMU) to transfer student loan funds from a discontinued program to an endowment for scholarships.)