2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Stanley
Elementary School Construction (SB 113)

Item 135 #19s

Item 135 #19s

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 $160,000 FY2016 $160,000 GF

Page 104, line 45, strike "$13,103,349" and insert "$13,263,349".
Page 104, line 45, strike "$13,103,349" and insert "$13,263,349".

(This amendment provides funding towards the costs of constructing an elementary school. Senate Bill 113 as introduced provides that if Patrick County is approved by the State Board of Education for a Literary Fund loan for reconstruction of Meadows of Dan Elementary School, the General Assembly must provide in the succeeding general appropriation act such funds as are sufficient for full repayment of the loan. Literary Fund loans are limited to $7.5 million per project, and interest rates are based on the school division's Composite Index.)