ND SB2022

Appropriates $14,869,164 in special funds to the Retirement and Investment Office for the biennium beginning July 1, 2019, and ending June 30, 2021, consisting of $4,978,230 for salaries and wages, $3,538,934 for operating expenses, $6,300,000 for capital assets, and $52,000 for contingencies.

Increases full-time equivalent positions from 19.00 to 20.00 for the 2019-21 biennium.

Designates $9,000,000 of the appropriation as one-time funding for a pension administration system project that is not part of the entity's base budget for the 2021-23 biennium.

Requires the Retirement and Investment Office to report to the Appropriations Committees of the Sixty-seventh Legislative Assembly on the use of one-time funding during the 2019-21 biennium.

Authorizes the Director of the Office of Management and Budget to transfer funds from the contingencies line item to other line items upon request by the State Investment Board, with notification to the Legislative Council.