2001 Session

Budget Amendments - SB800 (Committee Approved)

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Restore Literary Fund - Eliminate 20 year debt (language only)

Item 155 #1s

Item 155 #1s

Education: Elementary and Secondary
Direct Aid To Public Education

Page 170, line 42, strike "$30,000,000 in the".
Page 170, line 43, strike "first year" and insert "$19,000,000 in the first year".
Page 170, line 43, strike "$20,000,000 in the second year" and insert "$39,000,000 in the second year".
Page 170, line 47, strike "for debt service for".
Page 170, strike lines 48 and 49.
Page 170, line 50, strike "cost".
Page 170, line 50, unstrike "and the amounts".
Page 170, line 51, unstrike "set aside from the Literary Fund for Debt Service".
Page 170, line 52, unstrike "Payments for Education Technology in Item 143".
Page 170, strike lines 53, 54 and 55.
Page 171, strike lines 34 through 59.
Page 172, strike lines 1 through 38.

(This amendment eliminates the authorization for 20-year debt against the Literary Fund and replaces it with authorization for the traditional Literary Fund Interest Rate Subsidy program. The first year reduction in authority for subsidy payments reflects actual participation in the Fall, 2000 subsidy sale. Through the use of Literary Fund Interest Rate Subsidies, there is no future year obligation of Literary Fund revenues.)