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2009 SESSION

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SB 1118 Community College Scholarship Match Program; created.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Community College Scholarship Match Program.  Establishes the Community College Scholarship Match Program to provide matching funds to community college foundations and the Virginia Foundation for Community College Education.  Funds may be paid on the basis of one dollar of state general fund appropriation for every one dollar donated by donors on or after July 1, 2010, with state appropriations not to exceed $5 million in any fiscal year.  These funds shall be used to award scholarships to students who (i) are domiciled residents of Virginia and (ii) are enrolled in a Virginia community college.  The bill contains a delayed effective date of July 1, 2010.  This bill incorporates SB 866.

SUMMARY AS INTRODUCED:

Community College Scholarship Match Program.  Establishes the Community College Scholarship Match Program to provide matching funds to community college foundations and the Virginia Foundation for Community College Education.  Funds may be paid on the basis of one dollar of state general fund appropriation for every one dollar donated by corporations beginning on July 1, 2010, with state appropriations not to exceed $5 million in any fiscal year.  These funds shall be used to award scholarships to students who (i) are domiciled residents of Virginia and (ii) are enrolled in a Virginia community college.  The bill contains a delayed effective date of July 1, 2010.