148#1s (CNU) CNU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 148 #1s	First Year - FY2019	Second Year - FY2020
Education
Christopher Newport University	FY2019 ($74,715)	FY2020 ($324,997)	GF

Language
Page 157, line 32, strike "$8,588,587" and insert "$8,513,872".
Page 157, line 32, strike "$9,089,151" and insert "$8,764,154".

Explanation

(This amendment redirects 50% of the new undergraduate financial aid funding.)

Item 148	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$8,588,587	$9,089,151
Scholarships (10810)	FY2019 $8,573,424	FY2020 $9,073,988
Fellowships (10820)	FY2019 $15,163	FY2020 $15,163
Fund Sources:
General	FY2019 $5,028,587	FY2020 $5,529,151
Higher Education Operating	FY2019 $3,560,000	FY2020 $3,560,000

Authority: Title 23.1, Chapter 14, Code of Virginia.