2020 Session

Budget Bill - SB29 (Introduced)

Virginia Military Institute

Item 217

Item 217 (Not set out)

First Year - FY2019Second Year - FY2020
Higher Education Student Financial Assistance (10800)$5,636,680$5,718,218
Scholarships (10810)FY2019 $5,636,680FY2020 $5,718,218
Fund Sources:  
GeneralFY2019 $1,036,680FY2020 $1,118,218
Higher Education OperatingFY2019 $4,600,000FY2020 $4,600,000

Authority: Title 23.1, Chapter 25, § 23.1-2506, Code of Virginia.

A. Out of the amounts for Scholarships and Loans, the institute shall provide for State Cadetships and for discretionary student aid.

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.