2008 Session

Budget Amendments - HB30 (Conference Report)

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Capture Debt Service Savings

Item 280 #2c

Item 280 #2c

First Year - FY2009 Second Year - FY2010
Treasury Board FY2009 $0 FY2010 ($2,891,555) GF

Page 242, line 44, strike "$553,268,952" and insert "$550,377,397".

(This amendment captures a savings of $2.9 million from the general fund the second year by adjusting the appropriation for debt service payments for the 2002 General Obligation Bonds. The introduced budget includes funding for debt service that is no longer needed based on the Department of the Treasury's latest estimates of debt service requirements for the 2002 General Obligation Bonds.)