Bill Text: VA HB1264 | 2022 | Regular Session | Introduced
Bill Title: New Economy Workforce Credential Grant Program; eligible institutions, maximum reimbursement.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-02-15 - Left in Education [HB1264 Detail]
Download: Virginia-2022-HB1264-Introduced.html
Be it enacted by the General Assembly of Virginia:
1. That §23.1-627.4 of the Code of Virginia is amended and reenacted as follows:
§23.1-627.4. Student grants.
A. Subject to the availability of funds, any eligible student
who enrolls in a noncredit workforce training program offered by an eligible
institution pursuant to the Program may apply for and be awarded a grant to
cover two-thirds of the cost of the noncredit workforce training program,
provided that at the time of enrollment the eligible student pays one-third of
the cost of the noncredit workforce training program and signs an agreement to
complete the noncredit workforce training program or pay an additional
one-third of the program cost in the event of noncompletion. Upon the
presentation of satisfactory proof of completion of the noncredit workforce
training program by the eligible student, the Council shall reimburse the
institution in an amount equal to one-third of the cost of the program. Upon
the presentation of satisfactory proof of the attainment of a noncredit
workforce credential by the eligible student, the Council shall reimburse the
institution in an amount equal to one-third of the cost of the program.
However, the Council shall not reimburse any eligible institution more than $3,000 $4,000
per completed noncredit workforce training program per eligible student
pursuant to the Program.
B. Grants shall not be reduced by an eligible student's concurrent receipt of financial aid from any other source except in cases in which the grant and such other financial aid would result in total assistance in excess of tuition, fees, books, and other allowable costs of completing the noncredit workforce credential program.
