228#1s (VSU) VSU - Redirect 50% of New Financial Aid Funding. HB5002

State Budget

Item 228 #1s	First Year - FY2019	Second Year - FY2020
Education
Virginia State University	FY2019 ($124,122)	FY2020 ($318,907)	GF

Language
Page 198, line 27, strike "$15,460,835" and insert "$15,336,713".
Page 198, line 27, strike "$15,850,406" and insert "$15,531,499".

Explanation

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

Item 228	First Year - FY2019	Second Year - FY2020
Higher Education Student Financial Assistance (10800)	$15,460,835	$15,850,406
Scholarships (10810)	FY2019 $15,061,776	FY2020 $15,451,347
Fellowships (10820)	FY2019 $399,059	FY2020 $399,059
Fund Sources:
General	FY2019 $8,863,808	FY2020 $9,253,379
Higher Education Operating	FY2019 $6,597,027	FY2020 $6,597,027

Authority: Title 23.1, Chapter 27, Code of Virginia.