167#1s (JMU) JMU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 167 #1s	First Year - FY2019	Second Year - FY2020
Education
James Madison University	FY2019 ($681,672)	FY2020 ($1,193,300)	GF

Language
Page 167, line 3, strike "$17,239,350" and insert "$16,557,678".
Page 167, line 3, strike "$18,262,604" and insert "$17,069,304".

Explanation

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

Item 167	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$17,239,350	$18,262,604
Scholarships (10810)	FY2019 $16,323,379	FY2020 $17,346,633
Fellowships (10820)	FY2019 $915,971	FY2020 $915,971
Fund Sources:
General	FY2019 $10,099,730	FY2020 $11,122,984
Higher Education Operating	FY2019 $7,139,620	FY2020 $7,139,620

Authority: Title 23.1, Chapter 16, Code of Virginia.