2000 Session

Budget Amendments - HB30 (Committee Approved)

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VRS Change-Incentive Accounts

Item 143 #64h

Item 143 #64h

First Year - FY2001 Second Year - FY2002
Education: Elementary and Secondary
Direct Aid To Public Education FY2001 ($464,055) FY2002 ($464,572) GF

Page 105, line 38, strike "$2,523,429,019" and insert "$2,522,964,964".
Page 105, line 38, strike "$2,539,458,046" and insert "$2,538,993,474".

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