2001 Session

Budget Amendments - HB1600 (Member Request)

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Chief Patron: Spruill
Co-Patron(s): Drake, Harris, Jones D.C., Jones J.C., Melvin, Moss, Purkey, Robinson, Tata, Williams
NSU-Optional Retirement Plans

Item 197 #3h

Item 197 #3h

First Year - FY2001 Second Year - FY2002
Education: Higher Education
Norfolk State University FY2001 $0 FY2002 $65,330 GF

Page 200, line 39, strike "$65,593,348" and insert "$65,658,678".

(This amendment provides funds to maintain at 10.4 percent the state contribution to the Optional Retirement Plan for faculty. The budget, as introduced, tied the rate to the current VRS rate, or 9.24 percent.)