HB 2005 Summary

• Appropriates funds for fiscal year July 1, 2010 through June 30, 2011 to the Office of Administration, Department of Transportation, Department of Public Safety, and Chief Executive's Office totaling $286.6 million from General Revenue Fund and other sources.

• Authorizes payments for state employee benefits including Social Security contributions ($162.2 million), retirement system contributions ($268.8 million), and health insurance ($427.3 million), totaling $899.7 million across all benefit programs.

• Provides funds for major administrative operations including IT services ($199.9 million), facilities management ($89.8 million), and debt service payments for bonds and lease-purchase agreements ($69.5 million).

• Authorizes cash-flow assistance transfers up to $400 million from the Budget Reserve Fund to the General Revenue Fund, with repayment required by June 30 of the same fiscal year plus interest.

• Transfers $572.4 million from the Federal Budget Stabilization Fund to the General Revenue Fund for general appropriations.