187#1s (UMW) UMW - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 187 #1s	First Year - FY2019	Second Year - FY2020
Education
University of Mary Washington	FY2019 ($52,025)	FY2020 ($188,121)	GF

Language
Page 175, line 18, strike "$12,609,072" and insert "$12,557,047".
Page 175, line 18, strike "$12,881,262" and insert "$12,693,141".

Explanation

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

Item 187	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$12,609,072	$12,881,262
Scholarships (10810)	FY2019 $12,587,939	FY2020 $12,860,129
Fellowships (10820)	FY2019 $21,133	FY2020 $21,133
Fund Sources:
General	FY2019 $3,409,072	FY2020 $3,681,262
Higher Education Operating	FY2019 $9,200,000	FY2020 $9,200,000

Authority: Title 23.1, Chapter 18, Code of Virginia.