1998 Session

Budget Amendments - HB30 (Conference Report)

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Faculty Salary Base Correction

Item 547 #11c

Item 547 #11c

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 ($844,788) FY2000 ($1,713,851) GF

Page 321, line 48, strike "$23,214,200" and insert "$22,369,412".
Page 321, line 48, strike "$21,975,000" and insert "$20,261,149".
Page 323, after line 40, insert:
"I.  This appropriation includes a reduction of $844,788 the first year and a reduction of $1,113,851 the second year from the general fund for distribution by the Department of Planning and Budget among the public institutions of higher education to reflect more recent data on faculty participation in optional retirement programs.  A lower than actual rate of participation was used in developing the base for calculating faculty salary increases."

(This amendment is self-explanatory.)