2008 Session

Budget Amendments - HB30 (Floor Approved)

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Increase Literary Fund to Teacher Retirement

Item 140 #17h

Item 140 #17h

First Year - FY2009 Second Year - FY2010
Education: Elementary and Secondary
Direct Aid To Public Education FY2009 ($25,000,000) FY2010 ($25,000,000) GF
FY2009 $25,000,000 FY2010 $25,000,000 NGF

Page 127, line 46, strike "$171,128,935" and insert "$198,628,935".Page 127, line 47, strike "$91,128,935" and insert "$116,128,935".

(This amendment increases the use of Literary Fund to pay for an additional portion of teacher retirement costs. There is a companion amendment that adds $5.0 million of Literary Fund Interest Rate Subsidy grants to school divisions which should be able to leverage up to approximately $40 million in school construction loans.)