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2018 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Miyares
HB 247 - Limit the Amount of Recoverys Retained

Item 143 #8h

Item 143 #8h

First Year - FY2019 Second Year - FY2020
Education
State Council of Higher Education for Virginia FY2019 ($305,000) FY2020 ($305,000) NGF
FY2019 -3.00 FY2020 -3.00 FTE

Language
Page 154, line 25, strike "$16,016,435" and insert "$15,711,435".
Page 154, line 25, strike "$16,345,107" and insert "$16,040,107".

Page 41, line 43, after "percent" insert:

", except they can retain up to 15 percent when acting behalf of a public institution of higher education in relation to student debt,".



Explanation

(This amendment reduces funding, by $305,000, and FTEs, by 3, for the Division of Debt Collection within the OAG pursuant to the passage of House Bill 247 of the 2018 legislative session which reduced from 30% to 15% the percentage of recoveries the Division retains when collecting on behalf of a public institution of higher education in relation to student debt. The Division will continue to retain 30% for other debt recoveries.)