Item 243 | First Year - FY2027 | Second Year - FY2028 |
|---|
|
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| Educational and General Programs (10000) | $0 | $0 |
| Educational and General Programs Subprogram (10010) | FY2027 $20,000,000 | FY2028 $50,000,000 |
| Fund Sources: | | |
| General | FY2027 $20,000,000 | FY2028 $50,000,000 |
Authority: Discretionary Inclusion
A. Out of this appropriation, $50,000,000 the second year from the general fund is designated to support undergraduate need-based financial aid. For the purposes of budget execution and base budget development, these appropriated funds shall be transferred to the individual institutions. Allocations from this item are as follows:
Institution | FY 2028 |
Christopher Newport University | $1,100,000 |
College of William and Mary | $553,333 |
George Mason University | $6,613,333 |
James Madison University | $3,226,667 |
Longwood University | $1,170,000 |
Norfolk State University | $2,456,667 |
Old Dominion University | $7,116,667 |
Radford University | $2,030,000 |
University of Mary Washington | $780,000 |
University of Virginia | $1,040,000 |
University of Virginia - College at Wise | $470,000 |
Virginia Commonwealth University | $7,050,000 |
Virginia Military Institute | $216,667 |
Virginia State University | $2,090,333 |
Virginia Polytechnic and State University | $4,456,667 |
Richard Bland College | $173,333 |
Virginia Community College System | $9,456,333 |
Total | $50,000,000 |
B. Out of this appropriation, $20,000,000 the first year from the general fund is designated to support public higher education institutions with efforts to align operations with enrollment projections. The State Council of Higher Education for Virginia shall solicit proposals from institutions for one-time funding to support consolidation and restructuring efforts. The Secretary of Finance, the Secretary of Education, the Director of the Department of Planning and Budget, the Executive Director of the Council, the Staff Director of the House Committee on Appropriations, and the Staff Director of the Senate Committee on Finance and Appropriations, or their designees, shall review each proposal and determine the allocation of this funding.