156#1s (RBC) RBC - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 156 #1s	First Year - FY2019	Second Year - FY2020
Education
Richard Bland College	FY2019 ($271,983)	FY2020 ($334,581)	GF

Language
Page 161, line 38, strike "$1,240,984" and insert "$969,001".
Page 161, line 38, strike "$1,366,180" and insert "$1,031,599".

Explanation

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

Item 156	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$1,240,984	$1,366,180
Scholarships (10810)	FY2019 $1,240,984	FY2020 $1,366,180
Fund Sources:
General	FY2019 $1,180,984	FY2020 $1,306,180
Higher Education Operating	FY2019 $60,000	FY2020 $60,000

Authority: Title 23.1, Chapter 28, Code of Virginia.