208#1h (VCU/AD) VCU - Move Fin Aid to SCHEV. HB30

State Budget

2016 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 208 #1h

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VCU - Move Fin Aid to SCHEV

Item 208 #1h

Item 208 #1h	First Year - FY2017	Second Year - FY2018
Education
Virginia Commonwealth University	FY2017 $0	FY2018 ($4,417,541)	GF

Language
Page 178, line 40, strike "$38,880,807" and insert "$34,463,266".

Explanation

(This amendment and other companion amendments move the proposed new financial aid funding for fiscal year 2018 into the State Council of Education for Virginia. The distribution of these financial aid funds will be recommended prior to the 2018 Session by the Joint Subcommittee on the Future Competitiveness of Virginia Higher Education as part of its financial aid reform review.)

Item 208

Item 208	First Year - FY2017	Second Year - FY2018
Higher Education Student Financial Assistance (10800)	$38,880,807	$38,880,807
Scholarships (10810)	FY2017 $35,981,516	FY2018 $35,981,516
Fellowships (10820)	FY2017 $2,899,291	FY2018 $2,899,291
Fund Sources:
General	FY2017 $29,537,724	FY2018 $29,537,724
Higher Education Operating	FY2017 $9,343,083	FY2018 $9,343,083

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

The appropriation for the fund source Higher Education Operating in this Item shall be considered a sum sufficient appropriation, which is an estimate of the revenue collected to meet student financial aid needs, under the terms of the management agreement between the university and the Commonwealth as set forth in Chapters 933 and 943 of the 2006 Acts of Assembly.

State Budget

2016 Session

Budget Amendments - HB30 (Committee Approved)

VCU - Move Fin Aid to SCHEV

Item 208 #1h

Item 208 #1h

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Item 208