2015 Session

Budget Amendments - HB1400 (Floor Approved)

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UVA Wise Transfer Grant Incentive

Item 201 #2h

Item 201 #2h

First Year - FY2015 Second Year - FY2016
Education: Higher Education
University of Virginia's College At Wise FY2015 $0 FY2016 $20,000 GF

Page 178, line 26, strike "$2,249,938" and insert "$2,269,938".
Page 178, after line 32, insert:
"A.1. Out of this appropriation,  $20,000 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 20 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.)