Virginia College Savings Plan (174)
| Request Title | Adjust appropriation for savings program funds no longer in the state treasury |
| Biennium | 2014-2016 |
| Budget Round | Amended Bill |
| Category | Technical Adjustment |
| Region | Richmond Area |
Description
|
Removes appropriation for tuition payments for the agency's inVEST savings program, for which tuition payments and revenue no longer go through the state treasury. Language in Item 479.B.2 of Chapter 2, Special Session I Acts of Assembly exempted nonpublic funds of higher education savings programs from being deposited in the treasury. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | ($258,000,000) | ($335,000,000) | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 725 | Investment, Trust, And Insurance Services | ($258,000,000) | ($335,000,000) | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0500 | Enterprise | ($258,000,000) | ($335,000,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 13:41:58
