179#1s (ODU) ODU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 179 #1s	First Year - FY2019	Second Year - FY2020
Education
Old Dominion University	FY2019 ($333,281)	FY2020 ($837,706)	GF

Language
Page 171, line 55, strike "$33,338,756" and insert "$33,005,475".
Page 171, line 55, strike "$34,347,607" and insert "$33,509,901".

Explanation

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

Item 179	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$33,338,756	$34,347,607
Scholarships (10810)	FY2019 $30,628,061	FY2020 $31,636,912
Fellowships (10820)	FY2019 $2,710,695	FY2020 $2,710,695
Fund Sources:
General	FY2019 $25,011,238	FY2020 $26,020,089
Higher Education Operating	FY2019 $8,327,518	FY2020 $8,327,518

Authority: Title 23.1, Chapter 20, Code of Virginia.