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ID H0238
Bill
AI Summary
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Appropriates $13,239,500 to the Public Employee Retirement System for fiscal year 2012 (July 1, 2011 through June 30, 2012), including $12,364,500 for Retirement Administration and $875,000 for Portfolio Investment
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Authorizes no more than 63 full-time equivalent positions during the fiscal year, unless specifically authorized by the Governor, with the Joint Finance-Appropriations Committee to be notified of any increases
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Clarifies that appropriated funds for the Portfolio Investment Program cover administrative costs only, while other investment expenses remain perpetually appropriated to the PERSI Board under existing statutory provisions
Legislative Description
Appropriates $13,239,500 to the Public Employee Retirement System for fiscal year 2012; limits the number of full-time equivalent positions to 63; and clarifies the appropriation for the Portfolio Investment Program.
APPROPRIATIONS
Last Action
Governor signed Session Law Chapter 139 Effective: 07/01/11
3/25/2011