2007 Session

Budget Amendments - SB750 (Committee Approved)

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FY07 Education for a Lifetime Balances & VPSA Debt Service Fund Source Correction

Item 135 #5s

Item 135 #5s

First Year - FY2007 Second Year - FY2008
Education: Elementary and Secondary
Direct Aid To Public Education FY2007 ($408,379) FY2008 $0 GF

Page 131, line 19, strike "$5,831,220,867" and insert "$5,830,812,488".
Page 132, line 53, strike "$8,155,889" and insert "$7,747,510".
Page 133, line 8, strike "$446,678,157" and insert "$446,269,778".
Page 143, line 55, strike "$115,854,700" and insert "$116,003,959".
Page 143, line 56, strike "$115,854,700" and insert "$116,128,935".
Page 163, line 44, strike "$8,155,889" and insert "$7,747,510".

(This amendment corrects the fund source for Virginia Public School Authority technology equipment debt service savings of $149,259 in FY 2007 and $274,235 in FY 2008 assumed in the introduced budget. The savings were incorrectly coded under the general fund instead of the Literary Fund. The Literary Fund transfer that partially funds SOQ retirement costs is increased to offset the general fund impact of the coding error. In addition, this amendment also captures non-participation savings in Education for a Lifetime teacher mentoring program in FY 2007.)