1998 Session

Budget Amendments - SB30 (Committee Approved)

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School Construction - Interest Rate Subsidy (language only)

Item 150 #1s

Item 150 #1s

Education: Elementary and Secondary
Direct Aid To Public Education

Page 114, line 46, strike "1999" and insert "1998,".
Page 114, line 47, before "and" insert "the Spring of 1999".
Page 114, line 47, strike "2000" and insert "1999".
Page 114, line 49, strike "$10.0" and insert "$20.0".

(This amendment authorizes an additional $10.0 million Literary Fund Interest Rate Subsidy program in the first year. This additional subsidy will provide for approximately $50 million more in construction funding for public schools than if the $10.0 million were made in direct loans from the Literary Fund. The amendment also corrects the years listed for the interest rate subsidy program authorized to reflect the actual years in which the subsidy programs will be conducted.)