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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Runion
SCHEV - TAG Award

Item 142 #1h

Item 142 #1h

First Year - FY2023 Second Year - FY2024
Higher Education
State Council of Higher Education for Virginia FY2023 $9,400,000 FY2024 $500,000 GF

Language
Page 180, line 36, strike "$136,015,951" and insert "$145,415,951".
Page 180, line 36, strike "$146,328,512" and insert "$146,828,512".

Page 181, line 26, strike "$4,500" and insert "$5,000".

Page 182, line 19, after "11.", insert "a."

Page 182, line 20, strike, "$2,000" and insert "$2,500".

Page 182, after line 26, insert:

"b. It is the intent of the General Assembly that awards under this paragraph shall be granted at 50 percent of the undergraduate residential level."



Explanation

(This amendment increases the tuition assistance grant to $5,000 each year of the biennium for residential undergraduate students and to $2,500 for online students. Language further specifies that the online award is benchmarked to remain at 50 percent of the undergraduate residential level.)