Menu
2019 Session

Budget Bill - HB1700 (Chapter 854)

George Mason University

Item 163

Item 163

First Year - FY2019Second Year - FY2020
Higher Education Student Financial Assistance (10800)$37,100,506
$39,900,506
$38,176,201
$43,896,594
Scholarships (10810)FY2019 $31,391,565
$34,191,565
FY2020 $32,467,260
$38,187,653
Fellowships (10820)FY2019 $5,708,941FY2020 $5,708,941
Fund Sources: 
GeneralFY2019 $26,804,506FY2020 $27,880,201
$30,800,594
Higher Education OperatingFY2019 $10,296,000
$13,096,000
FY2020 $10,296,000
$13,096,000

Authority: Title 23.1, Chapter 15, Code of Virginia.


A. Notwithstanding the provisions of § 4-5.01.5.b) of this Act, George Mason University is hereby authorized to transfer the balance of its discontinued student loan funds to an endowment fund established by the University to be used for undergraduate and graduate students in the Higher Education Student Financial Assistance Program.


B. Up to 15 percent of the funding in this item may be used to support Virginia Guaranteed Assistance Program eligible students for (1) priority funding who are enrolled in Data Science and Technology, Science and Engineering, Healthcare and Education programs and (2) as a grant for students in innovative internship programs provided that the institutions has at least one private sector partner and the grant is matched equally by the partner with non-state funding and / or the institution from private funds.