1997 Session

Budget Amendments - SB700 (Conference Report)

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G.O. Debt Service-Recalculation

Item 287 #2c

Item 287 #2c

First Year - FY1997 Second Year - FY1998
Treasury Board FY1997 $0 FY1998 ($5,500,000) GF

Page 201, line 3, strike "$156,241,455" and insert "$150,741,455".
Page 201, line 36, strike "$23,441,507" and insert "$19,941,507".

(This amendment reduces by $5.5 million the appropriation for General Obligation Bond long-term debt service payments for bonds issued in the Summer of 1997, to reflect revised projections of construction plans and draw schedules. A companion amendment increases by $500,000 the funding available to pay interest on bond anticipation notes issued through the Treasury Board Tax-exempt Commercial Paper program, to cover any unanticipated increases in cash needs for General Obligation Bond projects in the second year.)