2012 Special Session I

Budget Bill - HB1300 (Introduced)

University of Virginia

Item 188

Item 188 (Not set out)

First Year - FY2011Second Year - FY2012
Higher Education Student Financial Assistance (10800)$59,513,569$69,122,448
Scholarships (10810)FY2011 $9,910,929FY2012 $19,519,808
Fellowships (10820)FY2011 $49,602,640FY2012 $49,602,640
Fund Sources:  
GeneralFY2011 $9,513,569FY2012 $9,722,448
Higher Education OperatingFY2011 $50,000,000FY2012 $59,400,000

Authority: Title 23, Chapter 9, Code of Virginia.

A. The appropriation for the fund source Higher Education Operating in this Item shall be considered a sum sufficient appropriation, which is an estimate of the revenue collected to meet student financial aid needs, under the terms of the management agreement between the university and the Commonwealth as set forth in Chapters 933 and 943 of the 2006 Acts of Assembly.

B. Out of this appropriation, $250,000 the first year and $250,000 the second year from the general fund, shall be provided to support public-private sector partnerships in order to maximize the number of newly licensed nurses and increase the supply of nursing faculty.