WELCH. New Act Creates the Fund Education First Act. Beginning with fiscal year 2000, and in each fiscal year thereafter, provides that until the amount appropriated from general funds revenues for elementary and secondary education for the fiscal year represents 50% of the total revenues that the State Superintendent of Education estimates are available from local, State, and federal sources for elementary and secondary education for that fiscal year, the amount appropriated by the General Assembly from general funds revenues for elementary and secondary educational programs for that fiscal year shall be at least equal to the sum of (1) 50% of the growth in general funds revenues that fiscal year, plus (2) the total amount appropriated from general funds revenues for elementary and secondary educational programs during the preceding fiscal year. Establishes a minimum funding level for elementary and secondary educational programs from general funds revenues for subsequent fiscal years. Requires the Governor, beginning with fiscal year 2001, to include in the annual budget an allocation for education that conforms to the provisions of the Fund Education First Act. Effective immediately. 99-02-03 S FIRST READING 99-02-03 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-24 S ASSIGNED TO COMMITTEE EXECUTIVE 99-03-04 S TO SUBCOMMITTEE 99-03-04 S COMMITTEE EXECUTIVE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary