2001 Session

Budget Amendments - SB800 (Committee Approved)

View Budget Item
View Budget Item amendments

Restore $50 mil. Lit. Funds

Item 142 #3s

Item 142 #3s

First Year - FY2001 Second Year - FY2002
Education: Elementary and Secondary
Direct Aid To Public Education FY2001 ($14,441,916) FY2002 ($55,000,000) GF
FY2001 $14,441,916 FY2002 $55,000,000 NGF

Page 134, after line 14, insert:
"c.  The amounts for School Employee Retirement Contributions include sums estimated at $15,441,916 the first year and $55,000,000 the second year from the principal of the Literary Fund."

(This amendment uses $69.4 million of the $119.4 million in Literary Funds included for Direct Aid in the introduced budget to fund a portion of Teacher Retirement, as provided in the Virginia Constitution. The remainder of the Literary Fund diversion ($50.0 million) has been replaced with general funds in companion amendments in Item 143.)