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2022 Session

Budget Amendments - HB30 (Floor Approved)

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SCHEV - Repurpose New Initiatives

Item 144 #2h

Item 144 #2h

First Year - FY2023 Second Year - FY2024
Higher Education
State Council of Higher Education for Virginia FY2023 ($1,381,314) FY2024 ($2,076,314) GF

Language
Page 185, line 29, strike "$23,410,355" and insert "$22,029,041".
Page 185, line 29, strike "$24,405,355" and insert "$22,329,041".


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.)