2018 Session

Budget Amendments - SB30 (Floor Approved)

View Budget Item
View Budget Item amendments

VCSP - SOAR Program

Item 485 #1s

Item 485 #1s

First Year - FY2019 Second Year - FY2020
Independent Agencies
Virginia College Savings Plan FY2019 $1,000,000 FY2020 $1,000,000 NGF

Page 428, line 23, strike "$28,985,519" and insert "$29,985,519".
Page 428, line 23, strike "$29,063,694" and insert "$30,063,694".

Page 428, strikes lines 47 through 48.

Page 429, strike lines 1 through 4.


(This amendment would amend Item 485 D.1. to include an additional $1.0 million NGF per year funding for the SOAR Virginia program. This amendment also would delete Item 485 D.2 and D.3. The language in D.2. required reallocation of $1.0 million of existing NGF appropriation for the SOAR program. The language in D.3. required that the NGF appropriation for the SOAR program only be available if the Virginia529 Prepaid fund had an actuarial fund value of at least 100 percent in the prior FY and that the agency operating expenses must have less than a 70 percent operating expense to operating revenue ratio in the prior FY unless otherwise authorized by the Governor.)