2022 Session

Budget Amendments - HB30 (Committee Approved)

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Direct Aid - Teacher Retirement - Literary Fund

Item 137 #4h

Item 137 #4h

First Year - FY2023 Second Year - FY2024
Direct Aid to Public Education FY2023 $0 FY2024 ($55,000,000) GF
FY2023 $0 FY2024 $55,000,000 NGF


Page 151, line 6, before "The", insert "a."

Page 151, after line 8, insert:

"b.  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 VIII, Section 8 , of the Constitution of Virginia.  The amounts set aside from the Literary Fund for these purposes shall not exceed $55,000,000 the second year."


(This amendment provides $55.0 million the second year from the Literary Fund to support teacher retirement costs, reducing the general fund appropriation by a like amount.)