1997 Session

Budget Amendments - SB700 (Conference Report)

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Cut ETF Debt Service

Item 529 #1c

Item 529 #1c

First Year - FY1997 Second Year - FY1998
Central Appropriations
Central Appropriations FY1997 $0 FY1998 ($328,131) GF

Page 354, line 9, strike "$9,200,000" and insert "$8,871,869".

(This amendment reduces the amount required for debt service in the second year on short-term bonds to finance equipment for the public colleges and universities. The amendment assumes an annual interest rate of 5.5 percent, which is an updated estimate from the 6 percent used a year ago.)