2015 Session

Budget Amendments - HB1400 (Floor Approved)

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Radford Transfer Grant Incentive

Item 183 #2h

Item 183 #2h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
Radford University FY2015 $0 FY2016 $140,000 GF

Page 169, line 44, strike "$10,094,701" and insert "$10,234,701".
Page 169, after line 51, insert:
"A. 1. Out of this appropriation,  $140,000 the second year from the general fund is designated for students eligible for the first time under §§ 23-38.10:9 through 23-38.10:13, Code of Virginia.  The institution shall provide for grants of $1,000 from these funds for these students.  All grants shall be awarded for one year and students shall not receive subsequent awards until they have satisfied the requirements to move to the next class level. Each recipient may receive a maximum of one year of support per class level for a maximum total of two years of support.
2. Any balances remaining from the appropriation identified in this item in paragraph A.1. shall not revert to the general fund at the end of the fiscal year, but shall be brought forward and made available to the institution for the purposes specified in paragraph A.1. of this item in the subsequent fiscal year.
3. It is the intent of the General Assembly that the institution shift by 140 the number of students it enrolls from first time freshman to transfers eligible under §§ 23-38.10:9 through 23-38.10:13, Code of Virginia.  The institution shall report its progress toward this goal to the Chairmen of the House Appropriations and Senate Finance Committees by May 1, 2016 and each year thereafter.  The report shall include a detailed accounting of the use of the funds provided and a plan for achieving the goals identified in this item."

(This amendment provides new financial aid allocation to increase the number of transfer grant eligible students.)