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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: O'Quinn
SCHEV - Advanced Manufacturing Talent Investment Program

Item 142 #2h

Item 142 #2h

First Year - FY2023 Second Year - FY2024
Higher Education
State Council of Higher Education for Virginia FY2023 $7,500,000 FY2024 $7,500,000 GF

Language
Page 180, line 36, strike "$136,015,951" and insert "$143,515,951".
Page 180, line 36, strike "$146,328,512" and insert "$153,828,512".

Page 185, after line 15, insert:

"M.  Out of this appropriation, $7,500,000 each year from the general fund is designated for the Advanced Manufacturing Talent Investment Program established under House Bill 565 to assist qualified institutions in reaching by 2042 a goal of increasing by at least 25,000 new credentials in a high demand advanced manufacturing field as identified by the Board of Workforce Development.  To be eligible for an annual grant, a qualified institution is required to enter into a memorandum of understanding setting forth specific criteria for eligible credentials, eligible expenses, credential production goals, and completion rates."



Explanation

(This amendment requests funding to support the Advanced Manufacturing Talent Investment Program established under House Bill 565.)