Budget Amendment ID: FY2015-S4-493

EDU 493

Globally Competitive Workforce Matching Scholarship

Mr. Michael O. Moore moved that the proposed new text be amended in section 2, in item 7066-0000, moved that the bill be amended in section 2, in item 7066-0000, by adding at the end thereof the following: “provided further, that $500,000 shall be made available for a state university study abroad scholarship incentive program to be known as the Globally Competitive Workforce Matching Scholarship Program; provided further, that this scholarship program shall support need-based assistance to in-state students engaged in the equivalent of a semester of credit-bearing academic study; provide further, the commonwealth shall contribute funds to each institution in an amount necessary to match private contributions in the current fiscal year to the institutions study abroad scholarship program; provider further, that the commonwealth's contribution shall be equal to $1 for every $1 privately contributed to each university's board of trustees or foundation; provided further, that the maximum total contributions from the commonwealth shall be no greater than $500,000; provided further, that funds from this program shall not result in direct or indirect reduction in the commonwealth's appropriations to the institutions for operations, scholarships, financial aid or any state appropriation and the department shall promulgate regulations and criteria for said program”; and in said item, by striking out the figures “$2,249,334” and inserting in place thereof the figures “$2,749,334”