183#1s (RU) RU - Fund Additional Undergraduate Need-Based Aid. SB5003 - Committee Approved

State Budget

2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

Bill Order » Item 183 #1s

View Budget Item
View Budget Item amendments

RU - Fund Additional Undergraduate Need-Based Aid

Item 183 #1s

Item 183 #1s	First Year - FY2015	Second Year - FY2016
Education: Higher Education
Radford University	FY2015 $1,051,000	FY2016 $1,148,000	GF

Language
Page 164, line 16, strike "$10,193,701" and insert "$11,244,701".
Page 164, line 16, strike "$10,193,701" and insert "$11,341,701".
Page 164, strike lines 22-25.

Explanation
(This amendment provides additional funding for undergraduate need-based financial aid in each year of the biennium.)

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.