1999 Session

Budget Amendments - SB800 (Conference Report)

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Revert bal-Teacher Liability Ins Pgm (language only)

Item 3-1.01 #1c

Item 3-1.01 #1c

Interfund Transfers

Page 506, after line 38, insert:
"EE.  The State Comptroller shall transfer an amount estimated at $788,707 to the general fund on or before June 30, 1999, from the Teacher Liability Insurance Program."

(This amendment will revert the balance in the Teacher Liability Insurance Program to the general fund. This insurance program was eliminated by the 1998 General Assembly. Rather than maintain a balance to pay the cost of potential claims, a companion language amendment in §3-2.03 provides a $1 million line of credit should any claims be submitted.)