161#1h (VIMS) VIMS - Repurpose Proposed Financial Aid. HB30 - Committee Approved

State Budget

2022 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 161 #1h

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VIMS - Repurpose Proposed Financial Aid

Item 161 #1h

Item 161 #1h	First Year - FY2023	Second Year - FY2024
Higher Education
Virginia Institute of Marine Science	FY2023 ($61,000)	FY2024 ($91,500)	GF

Language
Page 197, line 51, strike "$382,002" and insert "$321,002".
Page 197, line 51, strike "$412,502" and insert "$321,002".

Explanation

(This amendment repurposes a portion of the proposed new funding in the budget as introduced. Funds are repurposed in order to allow institutions to limit in-state undergraduate tuition increases in fiscal year 2023 and still allow for an increase in financial aid funding over the base budget.)

Item 161

Item 161	First Year - FY2023	Second Year - FY2024
Higher Education Student Financial Assistance (10800)	$382,002	$412,502
Fellowships (10820)	FY2023 $382,002	FY2024 $412,502
Fund Sources:
General	FY2023 $382,002	FY2024 $412,502

Authority: Title 23.1, Chapter 28, Code of Virginia.