2023 Special Session I

Budget Bill - HB6001 (Enrolled)

James Madison University

Item 168

Item 168

First Year - FY2023Second Year - FY2024
Higher Education Student Financial Assistance (10800)$26,753,898$32,072,248
Scholarships (10810)FY2023 $25,663,827FY2024 $30,895,127
Fellowships (10820)FY2023 $1,090,071FY2024 $1,177,121
Fund Sources:  
GeneralFY2023 $13,850,346FY2024 $19,168,696
Higher Education OperatingFY2023 $12,903,552FY2024 $12,903,552

Authority: Title 23.1, Chapter 16, Code of Virginia.

A. 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.

B. The appropriation for the fund source Higher Education Operating in this Item shall be considered 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 James Madison University and the Commonwealth as set forth in Chapters 124 and 125 of the 2019 Acts of Assembly.