2010 Session

Budget Amendments - SB30 (Committee Approved)

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Literary Fund Balances (GOV)

Item 132 #17s

Item 132 #17s

First Year - FY2011 Second Year - FY2012
Education: Elementary and Secondary
Direct Aid To Public Education FY2011 ($13,000,000) FY2012 $0 GF
FY2011 $13,000,000 FY2012 $0 NGF

Page 84, strike lines 22 through 25.
Page 84, after line 29, insert:
"3.1 Appropriations for contributions in paragraphs 2 and 3 above include payments from funds derived from the principal of the Literary Fund in accordance with Article III, Section 8, of the Constitution of Virginia.  The amounts set aside from the Literary Fund for these purposes shall not exceed $138,000,000 the first year and $140,550,000 the second year."

(This amendment reflects an additional $13.0 million NGF in Literary Fund balances as included in the Governor's February 17 budget reduction options. This allows an additional $13.0 million in retirement/social security costs to be paid for with Literary Funds, freeing up a like amount of general funds.)