2024 Session

Budget Amendments - SB30 (Floor Approved)

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SCHEV - Restore Funds for Excellence and Innovation

Item 132 #5s

Item 132 #5s

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $250,000 FY2026 $250,000 GF

Page 191, line 6, strike "$46,104,707" and insert "$46,354,707".
Page 191, line 6, strike "$28,382,518" and insert "$28,632,518".

Page 194, after line 12, insert:

"S. Out of this appropriation, $250,000 the first year and $250,000 the second year from the general fund is designated to establish and maintain a fund for excellence and innovation. The fund is designed to stimulate collaboration among public school divisions, community colleges, and universities to create and expand affordable student pathways and to pursue shared services and other efficiency initiatives at colleges and universities that lead to measurable cost reductions. Grants will be awarded on a competitive basis, with eligibility criteria determined by the State Council of Higher Education for Virginia."


(This amendment restores $250,000 GF in each year of the biennium that was removed in the introduced budget for a Fund for Excellence and Innovation.)