205#1c (VCU/AD) VCU - Increase Need-Based Aid. HB1400

State Budget

Item 205 #1c	First Year - FY2015	Second Year - FY2016
Education: Higher Education
Virginia Commonwealth University	FY2015 $0	FY2016 $950,000	GF

Language
Page 181, line 44, strike "$33,220,183" and insert "$34,170,183".

Explanation
(This amendment provides $950,000 from the general fund in the second year for additional undergraduate need-based aid.)

Item 205	First Year - FY2015	Second Year - FY2016
Higher Education Student Financial Assistance (10800)	$32,620,183	~~$33,120,183~~ $33,220,183
Scholarships (10810)	FY2015 $29,720,892	FY2016 ~~$30,220,892~~ $30,320,892
Fellowships (10820)	FY2015 $2,899,291	FY2016 $2,899,291
Fund Sources:
General	FY2015 $24,070,183	FY2016 ~~$24,070,183~~ $24,170,183
Higher Education Operating	FY2015 $8,550,000	FY2016 $9,050,000

Authority: Title 23, Chapter 6.1, Code of Virginia.