2018 Session

Budget Bill - SB30 (Introduced)

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Virginia Polytechnic Institute and State University

Item 222

Item 222

First Year - FY2019Second Year - FY2020
Higher Education Student Financial Assistance (10800)$26,325,282$27,422,834
Scholarships (10810)FY2019 $21,247,657FY2020 $22,345,209
Fellowships (10820)FY2019 $5,077,625FY2020 $5,077,625
Fund Sources:  
GeneralFY2019 $21,457,282FY2020 $22,554,834
Higher Education OperatingFY2019 $4,868,000FY2020 $4,868,000

Authority: Soil Scientist Scholarships: Title 23.1, Chapter 26, and § 23.1-615, Code of Virginia.,

A. Out of the amount for Scholarships, the following sums shall be made available from the general fund for:

1. Soil Scientist Scholarships, $11,000 the first year and $11,000 the second year.

2. Scholarships, internships, and graduate assistantships administered by the Multicultural Academic Opportunities Program at the university, $86,500 the first year and $86,500 the second year. Eligible students must have financial need and participate in an academic support program.

B. 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.