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2024 Session

Budget Amendments - SB30 (Floor Approved)

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SCHEV - Restore Pell Grant Initiative Funding

Item 130 #1s

Item 130 #1s

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $0 FY2026 $37,500,000 GF

Language
Page 186, line 31, strike "$145,968,512" and insert "$183,468,512".

Page 190, line 13, after "year" insert "and $37,500,000 the second year".

Page 190, line 30, after "J.5." insert "Funds shall be ongoing to ensure successful enrollment and completion for students. Initiatives demonstrating successful outcomes may be prioritized in future base funding requests."

Page 190, line 40, after "report to", insert "the Chairs of the Senate Finance and Appropriations and House Appropriations Committees and"  



Explanation

(This amendment restores $37.5 million GF the second year related to a Pell initiative to support access, retention, and completion of low-income students that was removed in the second year in the introduced budget and reinserts language that was legislatively approved in Chapter 1, 2023 Special Session I that states that funds shall be ongoing.)