2020 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Favola
VA529 - ABLEnow Funding

Item 491 #3s

Item 491 #3s

First Year - FY2021 Second Year - FY2022
Independent Agencies
Virginia College Savings Plan FY2021 $1,250,000 FY2022 $1,250,000 NGF

Page 473, line 29, strike "$33,683,169" and insert "$34,933,169".
Page 473, line 29, strike "$34,834,735" and insert "$36,084,735".


(This amendment provides the Virginia College Savings Plan with additional NGF authorization for the ABLEnow program, which is a direct-sold program that helps individuals with disabilities save for qualified expenses without being taxed on the earnings and in most cases without losing eligibility for most means-tested programs. The funding will support targeted digital campaigns to reach diverse disability markets, increased community outreach, and development of resources and partnerships at the state level to drive awareness and engagement.)