2000 Session

Budget Amendments - HB30 (Committee Approved)

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VRS Change-Categorical Accounts

Item 141 #37h

Item 141 #37h

First Year - FY2001 Second Year - FY2002
Education: Elementary and Secondary
Direct Aid To Public Education FY2001 ($189,856) FY2002 ($189,897) GF

Page 97, line 48, strike "$326,798,379" and insert "$326,608,523".
Page 97, line 48, strike "$331,359,388" and insert "$331,169,491".

(This amendment reduces the state share of the amounts needed for the state's share of employer fringe benefit rates for retirement, for those Categorical Accounts where fringe benefits are included, due to a change from biennial to annual valuation for the Virginia Retirement System. Localities will not have to budget as much for the local share of such benefits.)