2014 Session

Budget Amendments - HB29 (Committee Approved)

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Use Literary Funds for VRS Payments

Item 139 #4h

Item 139 #4h

First Year - FY2013 Second Year - FY2014
Education: Elementary and Secondary
Direct Aid To Public Education FY2013 $0 FY2014 ($10,947,860) GF
FY2013 $0 FY2014 $10,947,860 NGF

Page 64, line 51, strike "$133,490,713" and insert "$144,438,573".

(This amendment saves $10.9 million the second year from the general fund by using additional Literary Fund revenues to pay for a portion of retirement payments. The additional Literary revenues reflect $6.4 million in fiscal year 2013 carry forward balances and a $4.5 million increase in the Literary Fund forecast projected by the state Treasury.)