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NC S809
Bill
AI Summary
- Adjusts state employer retirement contribution rates effective July 1, 2020 for the 2020-2021 fiscal year for teachers, state employees, law enforcement officers, university/community college optional retirement programs, judicial retirement system, and legislative retirement system
- Transfers funds from the General Fund to the Reserve for State Employer Retirement Contributions in the Office of State Budget and Management for the 2020-2021 fiscal year
- Transfers funds from the General Fund to the State Capital and Infrastructure Fund for debt service obligations and appropriates funds for Federal Debt Service and General Debt Service for the 2020-2021 fiscal year
- Modifies budget appropriations in the 2019-2021 biennium budget, including adjustments to General Debt Service (from $715,891,443 to $715,891,443) and Federal Debt Service (from $1,616,380 to $0 net appropriation)
- Section 3 becomes effective July 1, 2019; Section 2 becomes effective July 1, 2020; remainder becomes effective upon enactment
Legislative Description
Salary-Related Contrib/Debt Service Funds
Last Action
Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate
5/20/2020
Committee Referrals
Rules and Operations of the Senate5/20/2020
Full Bill Text
No bill text available