Direct Aid to Public Education (197)
| Request Title | Redirect Interest Rate Subsidy Grants to VRS |
| Biennium | 2014-2016 |
| Budget Round | Amended Bill |
| Half Sheet Number | 136#8c |
Description
|
This amendment re-purposes the $25.0 million in the second year from Interest Rate Subsidy grants to reflect $19.2 million for teacher retirement costs and $2.9 million for additional school construction loans and $2.9 million to pay down a portion of the remaining outstanding balance of the deferred contribution of the unfunded liability for teacher retirement. The $2.9 million adjustment for the deferred contribution is reflected in a companion amendment in this item. |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 178 | State Education Assistance Programs | $0 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | $0 | ($19,232,000) | |
| 0702 | Literary Fund | $0 | $19,232,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 02:06:37
