2008 Session

Budget Amendments - SB30 (Committee Approved)

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Literary Fund school construction grants and loans

Item 140 #10s

Item 140 #10s

First Year - FY2009 Second Year - FY2010
Education: Elementary and Secondary
Direct Aid To Public Education FY2009 ($14,000,000) FY2010 $0 GF
FY2009 $14,000,000 FY2010 $0 NGF

Page 127, line 46, strike "$171,128,935" and insert "$185,128,935."
Page 136, line 34, strike "$20,000,000" and insert "$12,800,000".

(This amendment directs $14.0 million from the Literary Fund to pay for a portion of SOQ teacher retirement costs. Of the amount $6.8 million would be carried forward from amounts as yet unspent from FY 2008 plus $7.2 million from the amount allocated for the interest rate subsidy program in FY 2009. After these actions, there remains $12.8 million in FY 2009 and $15.0 million in FY 2010 for interest rate subsidy grants, plus an estimated $25.0 million in FY 2010 is expected to be available to make direct loans.)