2015 Session

Budget Amendments - HB1400 (Committee Approved)

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Transfer Grant Incentive

Item 142 #2h

Item 142 #2h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
State Council of Higher Education for Virginia FY2015 $0 FY2016 $600,000 GF

Page 147, line 2, strike "$69,537,665" and insert "$70,137,665".
Page 149, line 1, strike the second "$1,650,000" and insert "$2,250,000".
Page 149, line 2, after "Program.", insert:
"Priority for second year funding shall be given to newly eligible students."

(This amendment provides increased resources to accommodate an increase in new transfer grant students. Companion amendments at six institutions provide additional incentive funding for students to pursue a two-year degree and then transfer to those institutions.)