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ND HB1443

Bill

Official Source

Status

Introduced

1/17/2011

Primary Sponsor

Ed Gruchalla

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Origin

House of Representatives

62nd Legislative Assembly

AI Summary

  • Appropriates $50,000,000 from the general fund to be transferred on June 30, 2012 to the teachers' fund for retirement to reduce unfunded actuarial accrued liability.

  • Establishes legislative intent for a total of $200,000,000 to be provided from the general fund in equal installments over four bienniums spanning 2011-13 through 2017-19.

  • All funds directed to the teachers' fund for retirement are designated specifically for reducing unfunded actuarial accrued liability.

Legislative Description

A BILL for an Act to provide an appropriation to the office of management and budget for transfer to the teachers' fund for retirement; and to provide legislative intent.

Last Action

Request return from committee

1/24/2011

Committee Referrals

Government and Veterans Affairs1/17/2011

Full Bill Text

No bill text available