2003 Session

Budget Amendments - HB1400 (Conference Report)

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$7.25 Million to Literary Fund

Item 146 #1c

Item 146 #1c

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $0 FY2004 $7,250,000 GF
FY2003 $0 FY2004 ($7,250,000) NGF

Page 134, line 28, strike "$125,704,700" and insert "$118,454,700".

(This amendment restores $7.25 million to the general fund to pay for teacher retirement, freeing up $7.25 million in Literary Fund revenue to flow back into the Fund. A companion amendment in Item 147 uses this Literary Fund revenue (and $2.75 million from other sources) for a $10.0 million Virginia Public School Authority (VPSA) interest rate subsidy program.)