1997 Session

Budget Amendments - SB700 (Conference Report)

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Lag Pay HE NGF Carryfwd (language only)

Item 528 #8c

Item 528 #8c

Central Appropriations
Central Appropriations

Page 353, strike lines 10 through 51, and insert:
"M. For institutions of higher education, any nongeneral fund savings resulting from the implementation of lag pay are hereby carried forward on the books of the Comptroller and reappropriated in the second year.  These one-time nongeneral fund savings may be used for such purposes as may be identified by each institution of higher education, including, but not limited to, the individual institution's nongeneral fund cost of continuing the salary increases and employee benefit cost increases provided for in this act."

(This amendment provides for the reappropriation of any nongeneral fund savings at the institutions of higher education which result from the implementation of lag pay.)