SB 773
Adding new item of appropriation to State Board of Education
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 773 allocates funds from the state’s unappropriated surplus balance and Lottery Net Profits to the State Board of Education. Specifically, it adds a new appropriation to Fund 3951, fiscal year 2025, for organization 0402, covering the period ending June 30, 2025. This supplemental funding is intended to support the Hope Scholarship Program.
Key provisions
- Allocates funds from the state surplus and Lottery Net Profits.
- Designates Fund 3951 for the State Board of Education.
- Supports the Hope Scholarship Program.
- Covers the fiscal year ending June 30, 2025.
- Increases the appropriation for the Hope Scholarship Program.
Who is affected
- State Board of Education
- Students participating in the Hope Scholarship Program
- The State Treasury
Notable changes
- Adds a new appropriation item to the State Board of Education's budget.
- Utilizes funds from the unappropriated surplus balance and Lottery Net Profits.
Fiscal impact
The bill supplements existing appropriations with funds from the state surplus and lottery profits, impacting the State Board of Education's budget for the 2025 fiscal year.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Smith (Mr. President)
Cosponsor
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