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.