2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Phillips
Restore LF Revenues for Subsidy Prog.

Item 146 #5h

Item 146 #5h

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $15,000,000 FY2004 $0 GF
FY2003 ($15,000,000) FY2004 $0 NGF

Page 104, line 48, strike "$86,000,000" and insert "$71,000,000".
Page 104, line 49, STRIKE "$81,000,000" and INSERT "$71,000,000"

(This amendment reduces the teacher retirement Literary Fund offset by $20 million in the first year, restoring this funding for use in the interest rate subsidy program. This would provide an interest rate subsidy program of $20.0 million in each year of the biennium.)