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2020 Session

Budget Amendments - HB30 (Floor Approved)

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Merit Scholarships (language only)

Item 4-5.01 #1h

Item 4-5.01 #1h

Special Conditions and Restrictions on Expenditures
Transactions with Individuals

Language

Page 550, after line 27, insert:

"6. Merit Scholarships: Notwithstanding any other provisions of law, public four-year institutions of higher education are authorized to remit tuition and fees for merit scholarships for students of high academic achievement subject to the following limitations and restrictions:

a) The number of such scholarships annually awarded to undergraduate Virginia students shall not exceed 20 percent of the fall headcount enrollment of Virginia students in undergraduate studies in the institution from the preceding academic year. The total value of such merit scholarships annually awarded shall not exceed in any year the amount arrived at by multiplying the applicable figure for undergraduate tuition and required fees by 20 percent of the headcount enrollment of Virginia students in undergraduate studies in the institution for the fall semester from the preceding academic year.

b) The number of such scholarships annually awarded to undergraduate non-Virginia students shall not exceed 20 percent of the fall headcount enrollment of non-Virginia students in undergraduate studies in the institution from the preceding academic year. The total value of such merit scholarships annually awarded shall not exceed in any year the amount arrived at by multiplying the applicable figure for undergraduate tuition and required fees by 20 percent of the fall headcount enrollment of non-Virginia students in undergraduate studies in the institution during the preceding academic year.

c) A scholarship awarded under this program shall entitle the holder to receive an annual remission of an amount not to exceed the cost of tuition and required fees to be paid by the student."

Page 550, line 25, strike "6." and insert "7."



Explanation

(This amendment provides public institutions greater flexibility in student recruitment and retention.)