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2018 Session

Budget Amendments - SB30 (Floor Approved)

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Cybersecurity Student Loan Repayment Grant Program

Item 141 #3h

Item 141 #3h

First Year - FY2019 Second Year - FY2020
Education: Higher Education
State Council of Higher Education for Virginia FY2019 $500,000 FY2020 $500,000 GF

Language
Page 150, line 33, strike "$82,487,332" and insert "$82,987,332".
Page 150, line 33, strike "$84,608,559" and insert "$85,108,559".

Page 154, after line 11, insert:

"Out of this appropriation, $500,000 each year from the general fund is designated for the Cybersecurity Student Loan Repayment Grant Program (the Program) as a public-private initiative for the purpose of attracting to and retaining in qualified employment talented recent graduates and veterans to meet qualified employers' growing demand for cybersecurity professionals.  The Program shall provide renewable grants of up to $20,000 of matching state and employer funds on a competitive basis to an individual who (i) either (a) graduated within the past year from a public institution of higher education or regionally accredited private institution of higher education with an undergraduate or graduate degree in computer science or another academic program recognized by the Council to prepare an individual for a career in cybersecurity and who resides in the Commonwealth or (b) has served on active duty in the Armed Forces of the United States, was discharged or released within the past year from such service under conditions other than dishonorable, gained experience or received training in computer science during such service, and resides in the Commonwealth and (ii) accepts an offer of employment in a computer science position with any federal or state organization, including any federal or state military or defense organization, that is located in the Commonwealth or any private organization that contractually provides cybersecurity services for any such federal or state organization and that is located in the Commonwealth. The State Council of Higher Education for Virginia shall administer and award grants pursuant to the Program and shall adopt regulations relating to recent graduate and veteran eligibility and academic or job qualifications, the application process, and identification and prioritization of qualified employers and qualified employment and may adopt such other regulations for the administration of the Program as it deems necessary."



Explanation

(This amendment is a companion amendment and provides funding for contained in the budget for the Cybersecurity Student Loan Repayment Grant Program.)