Menu
2025 Session

Budget Amendments - HB1600 (Committee Approved)

View Budget Item
View Budget Item amendments

SCHEV - Financial Assistance Program Adjustments

Item 130 #1h

Item 130 #1h

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $20,000,000 FY2026 ($3,200,000) GF
FY2025 $5,000,000 FY2026 $8,500,000 NGF

Language
Page 212, line 29, strike "$308,988,512" and insert "$333,988,512".
Page 212, line 29, strike "$320,288,512" and insert "$325,588,512".

Page 212, line 44, strike the first "$102,325,881" and insert "$112,325,881".

Page 212, line 44, strike the second "$102,325,881" and insert "$104,125,881".

Page 214, after line 28, insert:

"13. Out of this appropriation, $1,800,000 the second year from the general fund is designated for an additional award up to $2,000 for all students eligible and receiving an award under this program and enrolled into a TAG-eligible private not-for-profit Virginia institution, designated by the U.S. Department of Education as a Hispanic-Serving Institution (HSI), and accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Page 215, line 47, after "and", strike the remainder of the line and insert:

"$23,750,000".

Page 215, line 48, after "fund", insert:

"and $5,000,000 the first year and $8,500,000 the second year from nongeneral funds".

Page 216, after line 5, insert:

"5. In accordance with § 4-3.01 of this act, the Council shall not incur a deficit in this program, nor shall the Council obligate or expend moneys in excess of it general fund appropriation in a fiscal year for this program. Further , the Council shall ensure that moneys are disbursed to eligible institutions, as defined in § 23.1-627.1, in accordance with § 23.1-627.3 D.

6. Notwithstanding any other provision of law, the Council shall report to the Chairs of the House Appropriations and Senate Finance and Appropriations Committees any request for transfers of funds to this program."

Page 216, line 44, strike "$65,000,000 each" and insert:

"$75,000,000 the first year and $65,000,000 the second year".

Page 216, strike line 45 and insert:

"fund is designated to offset the impact of".

Page 216, strike line 49, and insert:

"year shall be proportional based on the amount of tuition and fees waived at each institution in that fiscal year to the aggregate total for all public institutions in that fiscal".

Page 217, strike lines 6 through 39 and insert:

"5. From such general fund revenues as are collected for fiscal year 2025 in excess of the official fiscal year 2025 revenue estimate included in the final 2024-2026 biennial appropriation act adopted in the 2025 Session, the first $20,000,000, or portion thereof, that is not required to meet a Constitutionally-mandated deposit to the Revenue Stabilization Fund, and prior to calculating the Revenue Reserve Fund and the Water Quality Improvement Fund Part A deposits, shall be reserved by the Comptroller in the Committed Fund Balance  during the second year: for the purposes outlined in Item 130 J."



Explanation

(This amendment makes technical adjustments to assistance programs coordinated by SCHEV. Funding included in this item supports maintaining the Virginia Tuition Assistance Grant at levels authorized in Chapter 2 and increased enrollment in the workforce credential grant program.)