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1999 SESSION

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HB 2422 Displaced Workers & Professionals Financial Assistance Prog. and Fund.

Introduced by: William P. Robinson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Displaced Workers and Professionals Financial Assistance Program and Fund. Creates the Virginia Displaced Workers and Professionals Financial Assistance Program and Fund to provide financial assistance to students enrolled in or accepted for admission to a public institution of higher education in Virginia. Such students must have been displaced from their employment due to the elimination of jobs, corporate merger or take-over, downsizing, or such other economic reason, and must have enrolled in college for retraining, to begin work on a second career, or to earn a baccalaureate, graduate, or first-time professional degree. Students must maintain a grade point average of 2.0 in each year in which they receive awards, demonstrate financial need, and showcontinued progress towards the degree or program completion, among other things. The State Council is directed to administer the program and to promulgate regulations for its implementation. A nonreverting fund is also established by this bill for the awarding of grants to qualified students.


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