1998 Session

Budget Amendments - HB30 (Conference Report)

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Group Life Ins. Revision-Public School Employees

Item 137 #2c

Item 137 #2c

First Year - FY1999 Second Year - FY2000
Education: Elementary and Secondary
Direct Aid To Public Education FY1999 ($2,959,588) FY2000 ($3,180,035) GF

Page 91, line 26, strike "$246,949,874" and insert "$243,990,286".
Page 91, line 26, strike "$269,640,655" and insert "$266,460,620".

(This amendment captures personnel savings in the Standards of Quality program resulting from not having to make group life insurance contributions to the Virginia Retirement System for public school employees during the last month of fiscal year 1999 and the 1998-2000 biennium. This adjustment covers group life insurance payments for instructional personnel only. A companion amendment is being proposed for Item 138 to capture similar savings.)