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2020 Session

Budget Amendments - SB30 (Committee Approved)

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SCHEV - Office of the Qualified Education Loan Ombudsman

Item 152 #5s

Item 152 #5s

First Year - FY2021 Second Year - FY2022
Education
State Council of Higher Education for Virginia FY2021 $100,000 FY2022 $50,000 GF

Language
Page 177, line 17, strike "$18,285,818" and insert "$18,385,818".
Page 177, line 17, strike "$18,285,818" and insert "$18,335,818".

Page 178, line 50, strike the first instance of "$124,000" and insert "$224,000".

Page 178, line 50, strike the second instance of "$124,000" and insert "$174,000".



Explanation

(This amendment provides additional funding to establish and maintain the legislatively mandated Qualified Education Loan Borrower Education Course. SCHEV conducted an RFI and an RFP process to identify vendors who could develop the content and provide a content hosting platform for the course. After extensive review of submitted proposals, it was determined that none could provide the minimum quality content and hosting needs within a price point that was within the office's available funds.)