SB531 SFA Lindsay #1 2-15

Toney  7816

Senator Lindsay moved to amend the bill on page six, section five, after line one hundred twenty-six, by adding thereto a new subsection, designated subsection (k), to read as follows:

(k) Effective July 1, 2023, and every year thereafter, if the combined balance of funds in the Revenue Fund Shortfall Reserve Fund and the Revenue Fund Shortfall Reserve Fund – Part B established in §11B-2-20 of this code exceeds $1,000,000,000, then $50,000,000 shall be transferred from those funds to the General Revenue and all members in this article shall receive an average three percent across the board salary increase.;

            On page thirteen, section two, after line fifty-nine, by adding thereto a new subsection, designated subsection (f), to read as follows:

            (f) Effective July 1, 2023, and every year thereafter, if the combined balance of funds in the Revenue Fund Shortfall Reserve Fund and the Revenue Fund Shortfall Reserve Fund – Part B established in §11B-2-20 of this code exceeds $1,000,000,000, then $50,000,000 shall be transferred from those funds to the General Revenue and all teachers and employees in this article shall receive an average three percent across the board salary increase.;

And,

On page twenty-six, section eight-a, after line two hundred two, by adding thereto a new subsection, designated subsection (n), to read as follows:

(n) Effective July 1, 2023, and every year thereafter, if the combined balance of funds in the Revenue Fund Shortfall Reserve Fund and the Revenue Fund Shortfall Reserve Fund – Part B established in §11B-2-20 of this code exceeds $1,000,000,000, then $50,000,000 shall be transferred from those funds to the General Revenue and all service personnel in this article shall receive an average three percent across the board salary increase.

Adopted

Rejected