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AR SB4
Bill
Status
10/21/2013
Primary Sponsor
Jason Rapert
Click for details
AI Summary
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Redirects savings from the phased-out general facilities funding program to the Employee Benefits Division of the Department of Finance and Administration for public school employee health insurance.
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Redirects savings from the phased-out supplemental millage incentive funding program to the Employee Benefits Division of the Department of Finance and Administration for public school employee health insurance.
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Both funding redirections occur over a ten-year period starting after Fiscal Year 2006, with one-tenth (1/10) of the original amounts reduced annually and distributed to employee health insurance benefits.
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Declares an emergency due to inadequacy of the Public School Insurance Trust Fund and the need for stable, affordable health insurance options for public school employees.
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Becomes effective on July 1, 2014.
Legislative Description
To Allow Savings From The General Facilities Funding And Supplemental Millage Incentive Funding To Be Used For Public School Employee Health Insurance And To Declare An Emergency.
Last Action
Notification that SB 4 is now Act 1.
10/21/2013