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2024 Session

Budget Amendments - HB30 (Conference Report)

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SCHEV - Financial Aid and Waiver Programs

Item 130 #4c

Item 130 #4c

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $20,000,000 FY2026 $20,000,000 GF

Language
Page 186, line 30, strike "$182,168,512" and insert "$202,168,512".
Page 186, line 30, strike "$145,968,512" and insert "$165,968,512".

Page 190, after line 43, insert:

"K. 1. As a condition of this appropriation, $20,000,000 each year from the general fund is designated to offset the impact of programs under § 23.1, Chapter 6 as governed under § 4-5.01 b.7. of this act.

2. The State Council of Education for Virginia shall work with public higher education institutions to determine the appropriate allocation of these funds consistent with § 4-5.01 b.7. of this act.

3. Any unexpended balance in this item at the close of business on June 30 each year shall not revert to the general fund, but shall be carried forward and reappropriated to support the purposes specified in paragraphs J.1. and J.4. in the subsequent fiscal year.

4. By November 1 of each year, the Council shall report on the status of programs under § 23.1, Chapter 6 as governed under § 4-5.01 b.7. of this act."



Explanation

(This amendment provides funding for financial aid to offset costs of waiver programs under § 23.1, Chapter 6, Code of Virginia.)