Page 293

_ 293 Item Details($) Appropriations($) ITEM 201. First Year Second Year First Year Second Year FY2025 FY2026 FY2025 FY2026 Students who withdraw or stop attending during the term shall not receive additional payments and shall be subject to repayment of the funds already received. An eligible student may receive up to $900 per semester and up to $450 per Summer Term. 6. a. Funds for marketing and public awareness efforts to increase participation in the program are contained in Item 200 of this act. b. The governing boards of Virginia's public associate degree-granting institutions shall ensure that program participation does not exceed budget appropriation. 7. a. No later than September 1 of each year, each Virginia public associate degree- granting institution shall submit to the State Council of Higher Education for Virginia and the Virginia Community College System a report with data from the previous fiscal year on program participation and completion, including data on what high-demand fields are supported by students at each institution. b. The Council and System shall work collaboratively to compile the data provided by each public associate degree-granting institution and report such data, in aggregate and by institution annually, to the Governor, the Chairs of the House Appropriations and Senate Finance and Appropriations Committees, the Senate Education and Health Committee, and the House Education Committee. The report must include student enrollment, retention rates between terms and academic years, wage data including median wages prior to enrollment and one year after completion of a credential or degree, wage rates of students who have not enrolled in over a year and did not complete a credential, and a comparison of demand of jobs and completion rates. The report must disaggregate the information above by program of study, college, and student income level at start of program. 8. a. No later than May 1, 2025, the Director, Department of Planning and Budget shall transfer $15,000,000 from G3 Program fund balances to Item 130 G. for use in the New Economy Workforce Credential Grant Program. b. No later than May 1, 2025, the Director, Department of Planning and Budget shall transfer $500,000 from G3 Program fund balances to Item 203 B.3. for the A.L. Philpott Manufacturing Extension Partnership, with Patrick and Henry Community College currently acting as fiscal agent, as a match for a grant from the U.S. Department of Energy to develop the Virginia Smart Manufacturing Accelerator program, covering all of Virginia. 202. Financial Assistance For Educational and General Services (11000) $60,736,044 $60,736,044 Sponsored Programs (11004) $60,736,044 $60,736,044 Fund Sources: Higher Education Operating $60,736,044 $60,736,044 Authority: Title 23.1, Chapter 29, Code of Virginia. The Higher Education Operating fund source listed in this Item is considered to be a sum sufficient appropriation, which is an estimate of funding required by the university to cover sponsored program operations. 203. Economic Development Services (53400) $74,027,341 $75,027,341 $74,027,341 $94,027,341 Management of Workforce Development Program Services (53427) $74,027,341 $75,027,341 $74,027,341 $94,027,341 Fund Sources: General $11,876,314 $12,376,314 $11,876,314 Higher Education Operating $62,151,027 $62,651,027 $62,151,027 $82,151,027 Authority: Title 23.1, Chapter 29, Code of Virginia. A. Out of this appropriation, $125,000 the first year and $125,000 the second year from the general fund is provided to continue planning for the advanced integrated