175#1s (NSU) NSU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 175 #1s	First Year - FY2019	Second Year - FY2020
Education
Norfolk State University	FY2019 ($144,625)	FY2020 ($453,752)	GF

Language
Page 170, line 3, strike "$17,105,432" and insert "$16,960,807".
Page 170, line 3, strike "$17,723,687" and insert "$17,269,935".

Explanation

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

Item 175	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$17,105,432	$17,723,687
Scholarships (10810)	FY2019 $16,926,880	FY2020 $17,545,135
Fellowships (10820)	FY2019 $178,552	FY2020 $178,552
Fund Sources:
General	FY2019 $11,972,565	FY2020 $12,590,820
Higher Education Operating	FY2019 $5,132,867	FY2020 $5,132,867

Authority: Title 23.1, Chapter 19, Code of Virginia.