Virginia College Savings Plan (174)
| Request Title | Increase nongeneral fund appropriation for payment of plan members’ tuition and educational expenses |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Caseload or workload adjustments |
| Region | Richmond Area |
Description
|
Increases the sum sufficient nongeneral fund appropriation each year for the Virginia529 prePAID and inVEST programs. This amendment will accommodate increasing payouts from the growth of the programs and the population of beneficiaries at college age. This amendment will bring the total appropriation for educational payments to $414.0 million in the first year and $518.0 million in the second year. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $49,000,000 | $153,000,000 | |
| 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 | $49,000,000 | $153,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0500 | Enterprise | $49,000,000 | $153,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 21:29:42
