231#1h (VSU) VSU - Move Fin Aid to SCHEV. HB30

State Budget

2016 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 231 #1h

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VSU - Move Fin Aid to SCHEV

Item 231 #1h

Item 231 #1h	First Year - FY2017	Second Year - FY2018
Education
Virginia State University	FY2017 $0	FY2018 ($1,199,616)	GF

Language
Page 192, line 7, strike "$15,109,877" and insert "$13,910,261".

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 231

Item 231	First Year - FY2017	Second Year - FY2018
Higher Education Student Financial Assistance (10800)	$15,109,877	$15,109,877
Scholarships (10810)	FY2017 $14,813,533	FY2018 $14,813,533
Fellowships (10820)	FY2017 $296,344	FY2018 $296,344
Fund Sources:
General	FY2017 $8,512,850	FY2018 $8,512,850
Higher Education Operating	FY2017 $6,597,027	FY2018 $6,597,027

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

Out of this appropriation, $1,199,616 the first year and $1,199,616 the second year from the general fund is designated to support in-state undergraduate need-based financial aid. The university is authorized to utilize a portion of this appropriation to support Educational and General Programs if necessary.

State Budget

2016 Session

Budget Amendments - HB30 (Committee Approved)

VSU - Move Fin Aid to SCHEV

Item 231 #1h

Item 231 #1h

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Item 231