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Senate Amendment 8
H 4701 - Session 120 (2013-2014)
FY 2014-2015 Appropriations Bill
View Vote History
Amend the bill, as and if amended, Part IB, Section 118, STATEWIDE REVENUE, page 581, after line 12, by adding an appropriately numbered new proviso to read:
/(SR: General Fund Reduction) All general fund appropriations contained in this act are reduced by an amount sufficient to generate $548,969,422 in order to fully fund the Local Government Fund and the Education Finance Act and for School Buses. Excluded from this reduction is the Capital Reserve Fund; Commission on Higher Education: Life Scholarship, Palmetto Fellows and Educational Endowment (open-ended scholarship funds); Debt Service; Aid To Subdivisions-State Treasurer: Local Government Fund; Aid to Subdivisions-Department of Revenue: Homestead Exemption Fund; and Department of Education: Education Finance Act and Employer Contributions - EFA.
The revenue realized from these reductions shall be distributed as follows:
(1) H63-Department of Education--Education Finance Act $ 441,632,222;
(2) X22-Aid to Subdivision-Local Government Fund $ 90,924,225; and
(3) H63-Department of Education--School Buses $ 16,412,975. /
Renumber sections to conform.
Amend sections, totals and title to conform.