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2023 Session

Budget Amendments - SB800 (Member Request)

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Chief Patron: Norment
SCHEV - Financial Aid Tuition Transparency

Item 142 #2s

Item 142 #2s

First Year - FY2023 Second Year - FY2024
Education
State Council of Higher Education for Virginia FY2023 $0 FY2024 $100,000,000 GF

Language
Page 207, line 43, strike "$160,378,512" and insert "$260,378,512".

Page 212, after line 46, insert:

"N. Out of this appropriation, $100,000,000 million the second year from the general fund is provided to support public four-year institutions that do not use their in-state tuition revenues or other forms of unfunded scholarships as outlined in 23.1-612 of the Code of Virginia for financial aid. The State Council of Higher Education shall determine the criteria for institutions the meet this requirement and distribute the funds based on a formula approved by the Council."



Explanation

(This amendment establishes funding to support public four-year institutions that do not use their in-state tuition revenues or other forms of unfunded scholarships as outlined in 23.1-612 of the Code of Virginia to provide to students as financial aid. SCHEV shall determine criteria for institutions that have met this requirement and distribute the funds based on a formula approved by the Council.)