SB 2702 Summary

• Implements the 2010-2011 General Appropriations Act with legislative provisions for budget authority, fund transfers, and fiscal adjustments for the state budget year.

• Reduces annual salaries of all Legislature members by 7 percent for fiscal year 2010-2011 only, with salaries reverting to June 30, 2010 levels on June 30, 2011.

• Authorizes Executive Office of the Governor to transfer American Recovery and Reinvestment Act (ARRA) funds between appropriation categories and to transfer funds between departments for risk management insurance and human resource services alignment.

• Modifies state group insurance program to establish state contribution as the difference between overall premium and employee contribution for 2010-2011 fiscal year only.

• Extends various statutory provisions related to fixed capital outlay projects, budget amendments for inmate population increases, trust fund allocations, and departmental program funding authorities, with most provisions expiring July 1, 2011.