171#1s (LU) LU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 171 #1s	First Year - FY2019	Second Year - FY2020
Education
Longwood University	FY2019 ($292,509)	FY2020 ($454,419)	GF

Language
Page 168, line 16, strike "$7,566,918" and insert "$7,274,409".
Page 168, line 16, strike "$7,890,740" and insert "$7,436,321".

Explanation

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

Item 171	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$7,566,918	$7,890,740
Scholarships (10810)	FY2019 $7,546,254	FY2020 $7,870,076
Fellowships (10820)	FY2019 $20,664	FY2020 $20,664
Fund Sources:
General	FY2019 $5,254,038	FY2020 $5,577,860
Higher Education Operating	FY2019 $2,312,880	FY2020 $2,312,880

Authority: Title 23.1, Chapter 17, Code of Virginia.