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GA Adjustment
Virginia College Savings Plan (174)
Request Title Removal of Access and Affordability Funding
Biennium 2022-2024
Budget Round Initial Bill
Half Sheet Number 497 #1c
Description

This amendment removes funding and a new service area established for a proposed expanded access and affordability program at the Virginia College Savings Plan and provides language directing the Joint Legislative and Audit Review Commission (JLARC) to incorporate review of the SOAR program and agency net operating revenue into its ongoing statewide review of access and affordability of higher education in Virginia. Additionally, this amendment also continues existing budget language pertaining to the new state-facilitated IRA savings program and includes language regarding approved expenditures for additional operating appropriation provided in both years.

Funding Details
By Program Program Code Program Title FY 2022 FY 2023
  799 Administrative And Support Services ($8,000,000) ($8,000,000)
By Fund Fund Code Fund Title FY 2022 FY 2023
  05174 Va529 Agency Operating ($8,000,000) ($8,000,000)
Authorized Position Details
By Program Program Code Program Title FY 2022 FY 2023


p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 14:42:50