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2026 Special Session I

Budget Amendments - HB30 (Conference Report)

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SCHEV - Increase funding for the New Economy Workforce Credential Grant Program

Item 131 #4c

Item 131 #4c

First Year - FY2027 Second Year - FY2028
Education: Higher Education
State Council of Higher Education for Virginia FY2027 $9,450,000 FY2028 $2,650,000 GF

Language
Page 196, line 46, strike "$373,888,512" and insert "$383,338,512".
Page 196, line 46, strike "$376,358,512" and insert "$379,008,512".

Page 200, line 11, strike "$23,750,000" and insert "$33,200,000".

Page 200, line 11, strike "$37,350,000" and insert "$40,000,000".

Page 200, line 15 after "institutions.", insert "Data should be collected on currently eligible programs and all other short-term, career-focused training programs
offered at comprehensive community colleges, excluding employer-sponsored workforce training, in the same manner as currently collected for eligible programs. Data will be provided to the Office of Labor Market Alignment annually for analysis".

Page 200, after line 23, insert:

"6. To the greatest extent possible, institutions shall submit reimbursement requests within 60 days of program completion by the student; credential reimbursement shall be submitted within 90 days of program completion unless otherwise excepted by the Council. All annual data must be submitted by November 1 of the following fiscal year to ensure the annual report can be written and validated ahead of the start of the General Assembly session in January.

7. By August 1 of each year, the participating institutions shall each submit to SCHEV a projection plan for the awarding of program funds, including a list of new program offerings, which programs from the prior year will not be offered, and institution plans for instances where funds are projected to be exhausted prior to end of the fiscal year."



Explanation

(This amendment increases funding for the New Economy Workforce Credential Grant Program and establishes additional requirements for participating institutions. Additional funding is needed to maintain the participating institutions’ current programs and begin addressing the backlog of high demand programs.)