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ID H0225

Bill

Official Source

Status

Passed

3/24/2017

Primary Sponsor

Appropriations Committee

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Appropriates $7,947,900 to the Public Employee Retirement System of Idaho for the period July 1, 2017, through June 30, 2018, including $6,926,900 for Retirement Administration and $1,021,000 for Portfolio Investment
  • Allocates funds across personnel costs ($5,027,600), operating expenditures ($2,733,800), and capital outlay ($186,500)
  • Limits the Public Employee Retirement System of Idaho to no more than 67 full-time equivalent positions during the fiscal year period, unless specifically authorized by the Governor
  • Requires the Joint Finance-Appropriations Committee to be notified promptly of any increased positions authorized by the Governor
  • Clarifies that Portfolio Investment Program appropriations are for administrative costs only, while other investment expenses are perpetually appropriated to the Public Employee System Board

Legislative Description

Appropriates $7,947,900 to the Public Employee Retirement System of Idaho for fiscal year 2018; limits the number of authorized full-time equivalent positions to 67; and provides legislative intent.

APPROPRIATIONS

Last Action

Reported Signed by Governor on March 24, 2017 Session Law Chapter 152 Effective: 07/01/2017

3/24/2017

Committee Referrals

Finance3/6/2017

Full Bill Text

No bill text available