2005 Session

Budget Amendments - SB700 (Conference Report)

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Replace Literary Fund Dollars for SOQ Retirement With GF

Item 145 #1c

Item 145 #1c

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 $0 FY2006 $10,000,000 GF
FY2005 $0 FY2006 ($10,000,000) NGF

Page 133, line 32, strike "$135,854,700" and insert "$125,854,700".

(This amendment replaces $10.0 million the second year of the total $135.9 million in Literary Fund proceeds, which currently are diverted to support SOQ retirement costs. The restored Literary Fund proceeds will be used for direct loans for school construction projects on the First Priority Waiting List, which as of January 2005, included 49 projects totaling $253.7 million. In addition, the introduced budget provides $25.0 million for the purpose of interest rate subsidies for such projects.)