2015 Session

Budget Amendments - HB1400 (Committee Approved)

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VSU HAC Operating

Item 227 #4h

Item 227 #4h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
Virginia State University FY2015 $0 FY2016 $558,992 GF

Page 195, line 36, strike "$73,772,814" and insert "$74,331,806".
Page 196, after line 38, insert:
"I.1. Out of this appropriation, $558,992 the second year from the general fund is provided to address restoration of proposed budget cuts, to incentivize growth of transfer students and cost associated with improving retention.
2.  Virginia State University is authorized to utilize up to $400,000 of the amount provided in paragraph I.1. of this item in the form of student financial assistance.  However, should the institution decide to use these funds as financial aid, it shall be for the fiscal year only and not a permanent transfer."

(This amendment provides additional general fund fund to restore a portion of the proposed budget reductions in the introduced budget and to incentivize growth in transfer students.)