2024 Session

Budget Amendments - SB30 (Floor Approved)

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Direct Aid - Literary Fund School Construction Loans (language only)

Item 125 #22s

Item 125 #22s

Education: Elementary and Secondary
Direct Aid to Public Education


Page 162, strike lines 10-13 and insert:

"c. The Board of Education may offer up to $200,000,000 the first year and up to $200,000,000 the second year from the Literary Fund in school construction loans, subject to the availability of funds. Amounts designated for school construction loans that are not obligated in the first year may be obligated in the second year. In addition, the Department of Education may offer Literary Fund loans from the uncommitted balances of the Literary Fund after meeting the obligations of the interest rate subsidy sales and the amounts set aside from the Literary Fund for Debt Service Payments for Education Technology and Security Equipment in this Item."


(This amendment authorizes the Department of Education to offer school construction loans from the Literary Fund.)