1997 Session

Budget Amendments - HB1600 (Committee Approved)

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Library Aid

Item 251 #1h

Item 251 #1h

First Year - FY1997 Second Year - FY1998
Education: Other
The Library of Virginia FY1997 $0 FY1998 $100,000 GF

Page 178, line 32, strike "$15,647,684" and insert "$15,747,684".
Page 178, after line 37, insert:
"It is the objective of the Commonwealth to fully fund the state formula for state aid to local libraries."

(This amendment provides $100,000 from the general fund in the second year for additional state aid to local libraries. Also, the amendment establishes the objective of fully funding the state formula for aid to local libraries. With this amendment, the second year general fund appropriation becomes $13,993,113, which is about 73 percent of full funding. The major factor in the formula that drives state aid is the provision that says, subject to appropriation, the state will pay 40 cents for each dollar of local expenditure on libraries, up to a maximum of $250,000 per locality. The amount appropriated for state aid is sufficient to pay about 30 cents for each dollar of local expenditure.)