2014 Session

Budget Amendments - HB30 (Committee Approved)

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Use Literary Funds for VRS Payments

Item 136 #5h

Item 136 #5h

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 ($20,000,000) FY2016 $0 GF
FY2015 $20,000,000 FY2016 $0 NGF

Page 118, line 33, strike "$107,855,378" and insert "$127,855,378".
Page 118, line 35, strike the first "$10,000,000" and insert "$15,000,000".

(This amendment recognizes an additional $25.0 million in fiscal year 2015 nongeneral fund revenues that will be deposited into the Literary Fund by the State Treasurer office as a result of selling unclaimed stock property. The additional Literary Fund revenue will be used to offset $20.0 million general fund revenues that had been budgeted for retirement payments in the introduced budget - House Bill 30. The remaining $5.0 million in Literary proceeds will fund additional school construction loans.)