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2024 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: McQuinn
SCHEV - HBCU FUnding

Item 130 #8h

Item 130 #8h

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $50,000,000 FY2026 $0 GF

Language
Page 186, line 31, strike "$182,168,512" and insert "$232,168,512".

Page 190, after line 43, insert:

"K. Out of this appropriation $50,000,000 the first year from the general fund is provided to address funding needs at Virginia's HBCUs.  The State Council of Higher Education (SCHEV) shall determine the appropriate distribution of these funds in terms of base educational and general programs, state financial aid and tuition assistance grants (VTAG) as well as the distribution among public Virginia Historically Black College and University institutions and  TAG-eligible private not-for-profit Virginia Historically Black College and University institutions.  SCHEV shall report these recommendations to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees by September 1, 2024."



Explanation

(This amendment requests funding to address operating needs at Virginia's HBCUs.)