State Council of Higher Education for Virginia (245)
| Request Title | Continue Chapter 1 funding changes: Increase state maximum per-credential investment in Workforce Credential Grant |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | CH 1 (2023 Special Session) Ongoing Impact |
| Region | None |
Description
|
Provides for the ongoing impact of appropriation changes included in Chapter 1, 2023 Special Session I. Provides $5.0 million from the general fund in the second year for the New Economy Workforce Credential Grant program to support enrollment growth and the increase in the maximum reimbursement rate from $3,000 to $4,000. (Introduced was language only.) |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $5,000,000 | $5,000,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| 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 2024 | FY 2025 |
| 108 | Higher Education Student Financial Assistance | $5,000,000 | $5,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $5,000,000 | $5,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 06:03:22
