220#1h (VMI) VMI - Move Fin Aid to SCHEV. HB30

State Budget

2016 Session

Budget Amendments - HB30 (Floor Approved)

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VMI - Move Fin Aid to SCHEV

Item 220 #1h

Item 220 #1h	First Year - FY2017	Second Year - FY2018
Education
Virginia Military Institute	FY2017 $0	FY2018 ($45,312)	GF

Language
Page 186, line 8, strike "$5,616,240" and insert "$5,570,928".

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 220

Item 220	First Year - FY2017	Second Year - FY2018
Higher Education Student Financial Assistance (10800)	$5,266,240	$5,616,240
Scholarships (10810)	FY2017 $5,266,240	FY2018 $5,616,240
Fund Sources:
General	FY2017 $1,016,240	FY2018 $1,016,240
Higher Education Operating	FY2017 $4,250,000	FY2018 $4,600,000

Authority: Title 23, Chapter 10, § 23-105, Code of Virginia.

Out of the amounts for Scholarships and Loans, the institute shall provide for State Cadetships and for discretionary student aid.

State Budget

2016 Session

Budget Amendments - HB30 (Floor Approved)

VMI - Move Fin Aid to SCHEV

Item 220 #1h

Item 220 #1h

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Item 220