2008 Session

Budget Amendments - SB30 (Conference Report)

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Literary Fund - Interest Subsidy Grants (language only)

Item 140 #8c

Item 140 #8c

Education: Elementary and Secondary
Direct Aid To Public Education

Page 136, line 34, strike "$20,000,000" and insert "$30,000,000".
Page 136, line 35, strike "$15,000,000" and insert "$20,000,000".

(This amendment provides an additional $10.0 million the first year and $5.0 million the second year from the general fund for Literary Fund Interest Rate Subsidy grants to school divisions. At the current market interest rates, the additional $15.0 million may be able to leverage up to a total of $120.0 million in new school construction loans.)