2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Tata
Restore Retiree Health Care Credit funding

Item 146 #4h

Item 146 #4h

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $18,341,896 FY2004 $17,800,547 GF

Page 103, line 17, strike "$190,551,283" and insert "$208,893,179".
Page 103, line 17, strike "$193,136,191" and insert "$210,936,738".
Page 104, strike lines 19 through 28 and insert:
"b.  This Item includes payments for the full cost of the retiree health care credit required by Chapter 764, 1996 Acts of Assembly.  The Department of Education is authorized to pay the Virginia Retirement System directly.  These funds shall be considered payments to local school divisions for public education."

(This amendment restores 100 percent state funding of the Retiree Health Care Credit.)