ID S1360

Adjusts fiscal year 2012 appropriation to the Endowment Fund Investment Board between expense classes, reducing Miscellaneous Revenue Fund from $139,000 to $153,700 and Endowment Administrative Fund from $463,700 to $449,000.

Appropriates $607,600 to the Endowment Fund Investment Board for fiscal year 2013 (July 1, 2012 through June 30, 2013) for personnel costs ($402,300), operating expenditures ($202,000), and capital outlay ($3,300).

Limits Endowment Fund Investment Board to four (4) full-time equivalent positions during fiscal year 2013 unless specifically authorized by the Governor, with prompt notification to the Joint Finance-Appropriations Committee.

Grants continuous appropriation authority for consulting fees, bank custodial fees, and portfolio-related external costs for fiscal year 2013.

Directs transfers totaling $47,508,600 from various earnings reserve funds to corresponding income funds for fiscal year 2013, including $31,292,400 from Public School Earnings Reserve Fund and similar transfers from Agricultural College, Charitable Institutions, Normal School, Penitentiary, Scientific School, Mental Hospital, and University funds.

Authorizes 2% pay increase for classified and nonclassified permanent performing employees and directs funding increases for health insurance benefits.