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2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Massie
SCHEV Financial Aid (language only)

Item 142 #1h

Item 142 #1h

Education: Higher Education
State Council of Higher Education for Virginia

Language
Page 147, line 12, after "hereof.", insert:
"The State Council of Higher Education may transfer funds from one program to another program within this item under the following conditions: (1) funds are not moved from a program unless it is assured that all eligible priority students will receive a full award; (2) the transfer of funds is necessary to ensure an award or to avoid a reduced award for all qualified priority students in the receiving program; and (3) programs with a financial need component are prioritized over programs that do not require financial need."


Explanation
(This amendment request allows SCHEV to move financial aid funds between programs.)