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2025 Session

Budget Amendments - HB1600 (Conference Report)

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SCHEV - Financial Assistance Program Adjustments

Item 130 #1c

Item 130 #1c

First Year - FY2025 Second Year - FY2026
Education: Higher Education
State Council of Higher Education for Virginia FY2025 $11,800,000 FY2026 $5,000,000 GF
FY2025 ($45,000,000) FY2026 ($60,000,000) NGF

Language
Page 212, line 29, strike "$308,988,512" and insert "$275,788,512".
Page 212, line 29, strike "$320,288,512" and insert "$265,288,512".

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

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

Page 214, after line 28, insert:

"13. Out of this appropriation, $1,800,000 the first 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 $15,000,000 the first year from nongeneral funds".

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 line 48, after "funds.", strike the rest of the line.

Page 216, strike lines 49 through 54.

Page 217, strike lines 6 through 39.



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. It adjusts proposed funding and sources for tuition waivers from the introduced budget and reserves surplus funds in the second year for waiver programs in a companion amendment (Item 470#1c) while making no changes to waiver program eligibility.)