Loading chat...
ID H0689
Bill
AI Summary
-
Reduces General Fund appropriation to State Treasurer by $105,100 for fiscal year 2010 (July 1, 2009 through June 30, 2010) in Personnel Costs, then reappropriates $105,100 from State Treasurer LGIP Fund ($52,500) and Treasurer's Office Professional Services Fund ($52,600).
-
Appropriates $2,252,700 to State Treasurer for fiscal year 2011 from General Fund ($1,378,400), State Treasurer LGIP Fund ($428,100), and Treasurer's Office Professional Services Fund ($446,200).
-
Requires moneys assessed for State Treasurer banking services to be placed in Indirect Cost Recovery Fund, with the State Controller transferring the statewide cost allocation plan amount to the General Fund by June 30, 2011.
-
Reappropriates unexpended and unencumbered balance from State Treasurer LGIP Fund for fiscal year 2010 for nonrecurring expenditures in fiscal year 2011, limited to the unencumbered cash balance as of June 30, 2010.
-
Limits State Treasurer to maximum 18 full-time equivalent positions during fiscal year 2011 unless authorized by Governor, and requires $435,200 of fiscal year 2011 appropriation be used solely for bank service fees.
Legislative Description
Reduces the fiscal year 2010 appropriation to the State Treasurer by $105,100; appropriates an additional $105,100 in dedicated funds to the State Treasurer for fiscal year 2010; appropriates $2,252,700 to the State Treasurer for fiscal year 2011; provides for the recovery of banking services costs; reappropriates certain balances of moneys; limits the number of full-time equivalent positions to 18; and identifies amounts to be used for bank service fees from the appropriation.
APPROPRIATIONS
Last Action
Governor signed Session Law Chapter 206 Effective: 03/31/10 Sections 1 & 2; 07/01/10 All other sections
3/31/2010