228#1c (VSU) VSU Increase Need-Based Aid. HB1400

State Budget

Item 228 #1c	First Year - FY2015	Second Year - FY2016
Education: Higher Education
Virginia State University	FY2015 $0	FY2016 $950,000	GF

Language
Page 196, line 40, strike "$12,960,261" and insert "$13,910,261".

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

Item 228	First Year - FY2015	Second Year - FY2016
Higher Education Student Financial Assistance (10800)	$11,787,806	~~$12,037,828~~ $12,960,261
Scholarships (10810)	FY2015 $11,491,462	FY2016 ~~$11,741,484~~ $12,663,917
Fellowships (10820)	FY2015 $296,344	FY2016 $296,344
Fund Sources:
General	FY2015 $6,263,234	FY2016 ~~$6,263,234~~ $6,363,234
Higher Education Operating	FY2015 $5,524,572	FY2016 ~~$5,774,594~~ $6,597,027

Authority: Title 23, Chapter 13, Code of Virginia.