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ID S1409
Bill
Status
4/4/2014
Primary Sponsor
Finance Committee
Click for details
AI Summary
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Appropriates $3,566,600 to the State Treasurer for fiscal year 2015 (July 1, 2014 - June 30, 2015) from multiple funds including the General Fund ($1,382,800), State Treasurer LGIP Fund ($504,600), and others.
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Authorizes the State Treasurer no more than 26 full-time equivalent positions during the fiscal year, with any increases requiring Governor approval and notification to the Joint Finance-Appropriations Committee.
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Reappropriates unexpended and unencumbered balances from the State Treasurer Local Government Investment Pool Fund from fiscal year 2014 for nonrecurring expenditures.
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Directs 1% upward adjustment of compensation schedules and provides for ongoing 1% salary increases plus equivalent one-time 1% bonuses for state employees based on merit, with flexibility in distribution by agency directors.
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Caps conference-related activities spending at $10,000 total from all fund sources combined; allocates $435,900 for bank service fees; and requires State Treasurer investment policies to conform with the Idaho Uniform Prudent Investor Act while terminating use of securities lending agreements.
Legislative Description
Appropriates $3,566,600 to the State Treasurer for fiscal year 2015; limits the number of full-time equivalent positions to 26; provides for reappropriation authority for the LGIP Fund; provides guidance for employee compensation; provides for legislative intent regarding the use of funds spent on conference-related activities; provides legislative intent for the payment of bank service fees; and provides legislative intent regarding investment activities.
APPROPRIATIONS
Last Action
Signed by Governor on 04/04/14 Session Law Chapter 351 Effective: 07/01/2014
4/4/2014