2008 Session

Budget Amendments - SB30 (Conference Report)

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Increase Literary Fund to Teacher Retirement

Item 140 #9c

Item 140 #9c

First Year - FY2009 Second Year - FY2010
Education: Elementary and Secondary
Direct Aid To Public Education FY2009 ($15,000,000) FY2010 ($20,000,000) GF
FY2009 $15,000,000 FY2010 $20,000,000 NGF

Page 127, line 46, strike "$171,128,935" and insert "$186,128,935".
Page 127, line 47, strike "$91,128,935" and insert "$111,128,935".

(This amendment increases the use of Literary Funds to pay for an additional portion of teacher retirement costs. There is a companion language amendment that adds $15.0 million of Literary Fund Interest Rate Subsidy grants to school divisions to leverage an estimated $120.0 million in school construction loans.)