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Amend the bill by adding after section 8 the following:
‘Sec. 9. Appropriations and allocations. The following appropriations and allocations are made.
 
EDUCATION, DEPARTMENT OF
 
General Purpose Aid for Local Schools 0308
 
Initiative: Transfers funding representing the state share of the normal cost component of teacher retirement from the General Purpose Aid for Local Schools program to the Teacher Retirement program.

GENERAL FUND	2015-16	2016-17	
All Other	($18,346,560)	($18,957,388)	
			
GENERAL FUND TOTAL	($18,346,560)	($18,957,388)	

Teacher Retirement 0170
 
Initiative: Transfers funding representing the state share of the normal cost component of teacher retirement from the General Purpose Aid for Local Schools program to the Teacher Retirement program.

GENERAL FUND	2015-16	2016-17	
All Other	$18,346,560	$18,957,388	
			
GENERAL FUND TOTAL	$18,346,560	$18,957,388	

Teacher Retirement 0170
 
Initiative: Appropriates funds to shift responsibility for paying the full cost of teacher retirement back to the State.

GENERAL FUND	2015-16	2016-17	
All Other	$18,944,530	$19,638,890	
			
GENERAL FUND TOTAL	$18,944,530	$19,638,890	

EDUCATION, DEPARTMENT OF			
DEPARTMENT TOTALS	2015-16	2016-17	
			
GENERAL FUND	$18,944,530	$19,638,890	
			
DEPARTMENT TOTAL - ALL FUNDS	$18,944,530	$19,638,890	
 
’
 
SUMMARY
This amendment is the majority report of the Joint Standing Committee on Education and Cultural Affairs. The amendment adds an appropriations and allocations section to the bill.
FISCAL NOTE REQUIRED
(See attached)