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2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Lopez
SCHEV - Financial Aid Eligibility

Item 130 #10h

Item 130 #10h

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $5,000,000 FY2026 $5,000,000 GF

Language
Page 186, line 31, strike "$182,168,512" and insert "$187,168,512".
Page 186, line 31, strike "$145,968,512" and insert "$150,968,512".

Page 190, after line 43, insert:

"K. 1. Out of this appropriation, $5,000,000 the first year and $5,000,000 the second year from the general fund is designated for students eligible for state need-based financial aid pursuant to § 23.1-505.1 of the Code of Virginia.

2. The State Council of Higher Education shall determine the allocation of these funds to each institution and shall notify the Chairs of the House Appropriations Committee and Senate Finance and Appropriations Committee 30 days prior to releasing funds to institutions."



Explanation

(This amendment requests funding for financial aid for students eligible for state need-based financial aid pursuant to § 23.1-505.1 of the Code of Virginia.)