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2022 Special Session I

Budget Amendments - HB30 (Conference Report)

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SCHEV - TAG Award

Item 142 #1c

Item 142 #1c

First Year - FY2023 Second Year - FY2024
Education: Higher Education
State Council of Higher Education for Virginia FY2023 ($1,500,000) FY2024 ($1,500,000) GF

Language
Page 180, line 36, strike "$136,015,951" and insert "$134,515,951".
Page 180, line 36, strike "$146,328,512" and insert "$144,828,512".

Page 181, line 27, strike "$2,450" and insert "$4,500".

Page 181, line 28, strike "$2,700" and insert "$5,000".

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

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

"$2,250 the first year and $2,500 the second year".

Page 182, after line 26, insert:

"b. It is the intent of the General Assembly that awards under this paragraph related to new incoming students shall be calculated and granted at 50 percent of the undergraduate residential level."



Explanation

(This amendment provides for increases of the Tuition Assistance Grant (TAG) for online students and benchmarks that award to remain at 50 percent of the undergraduate residential award level. This amendment also sets the graduate award at the same level as the undergraduate award.)