2005 Session

Budget Amendments - HB1500 (Committee Approved)

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Adjustment to the VPSA Language (language only)

Item 146 #4h

Item 146 #4h

Education: Elementary and Secondary
Direct Aid To Public Education

Page 150, line 38, strike "$58,780,000" and insert "$58,390,000".
Page 150, line 39, strike "$59,092,000" and insert "$58,702,000".
Page 151, line 8, strike "$58,780,000" and insert "$58,390,000".
Page 151, line 9, strike "$59,092,000" and insert "$58,702,000".

(This amendment provides the language adjustments related to the available budget amounts for Virginia Public School Authority (VPSA). The amount of VPSA proceeds required to fund school division entitlements should be reduced by $390,000 in fiscal year 2005 and fiscal year 2006. These reductions resulted from adding four charter schools that were inadvertently omitted and the elimination of 19 duplicate schools in the Governor’s introduced budget. The corrected totals (language changes only) should be $58,390,000 in fiscal year 2005 and $58,702,000 in fiscal year 2006. There will not be any reduction to the estimated amounts for debt service that are appropriated in House Bill 1500.)