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Amend the bill by adding after section 9 the following:
‘Sec. 10. 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 due to the State's assuming 100% responsibility for the cost.

GENERAL FUND	2019-20	2020-21	
All Other	($25,021,689)	($28,305,582)	
			
GENERAL FUND TOTAL	($25,021,689)	($28,305,582)	

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 due to the State's assuming 100% responsibility for the cost.

GENERAL FUND	2019-20	2020-21	
All Other	$25,021,689	$28,305,582	
			
GENERAL FUND TOTAL	$25,021,689	$28,305,582	

Teacher Retirement 0170
 
Initiative: Provides additional funds for the normal cost component of teacher retirement due to the State's assuming 100% responsibility for the cost.

GENERAL FUND	2019-20	2020-21	
All Other	$25,065,606	$23,159,113	
			
GENERAL FUND TOTAL	$25,065,606	$23,159,113	

EDUCATION, DEPARTMENT OF			
DEPARTMENT TOTALS	2019-20	2020-21	
			
GENERAL FUND	$25,065,606	$23,159,113	
			
DEPARTMENT TOTAL - ALL FUNDS	$25,065,606	$23,159,113	
 
’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment, which is the majority report of the committee, adds an appropriations and allocations section.
FISCAL NOTE REQUIRED
(See attached)