2003 Legislation
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HOUSE BILL NO. 328 – Approp, Public Employee Retirement

HOUSE BILL NO. 328

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Daily Data Tracking History



H0328........................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates $5,999,500
to the Office of the Governor for the Public Employee Retirement System for
fiscal year 2004;  provides legislative intent that moneys appropriated for
the Portfolio Investment Program are for administrative costs of the program;
and limits the number of authorized full-time equivalent positions to 63.
                                                                        
03/04    House intro - 1st rdg - to printing
03/05    Rpt prt - to 2nd rdg
03/06    2nd rdg - to 3rd rdg
03/10    3rd rdg - PASSED - 65-0-5
      AYES -- Andersen, Barraclough, Barrett, Bauer, Bedke, Bell, Black,
      Block, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins, Crow,
      Cuddy, Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth, Field(18),
      Field(23), Garrett, Harwood, Henbest, Jaquet, Jones, Kellogg, Kulczyk,
      Lake, Langford, Langhorst, Martinez, McGeachin, McKague, Meyer, Miller,
      Mitchell, Moyle, Naccarato, Nielsen, Raybould, Ridinger, Ring, Ringo,
      Roberts, Robison, Rydalch, Sali, Sayler, Schaefer, Shepherd, Shirley,
      Skippen, Smith(30), Smylie, Snodgrass, Stevenson, Tilman, Trail, Wills,
      Wood
      NAYS -- None
      Absent and excused -- Bieter, Eskridge, Gagner, Smith(24), Mr. Speaker
    Floor Sponsor - Field(23)
    Title apvd - to Senate
03/11    Senate intro - 1st rdg - to Fin
    Rpt out - rec d/p - to 2nd rdg
03/12    2nd rdg - to 3rd rdg
03/19    3rd rdg - PASSED - 31-1-3
      AYES -- Andreason, Bailey, Bunderson, Burkett, Burtenshaw, Calabretta,
      Cameron, Compton, Darrington, Gannon, Geddes, Goedde, Hill, Kennedy,
      Keough, Little, Lodge, Malepeai, Marley, McKenzie, McWilliams, Noble,
      Noh, Pearce, Richardson, Sorensen, Stegner, Stennett, Sweet, Werk,
      Williams
      NAYS -- Schroeder
      Absent and excused -- Brandt, Davis, Ingram
    Floor Sponsor - Marley
    Title apvd - to House
03/20    To enrol
03/21    Rpt enrol - Sp signed
03/24    Pres signed
03/25    To Governor
03/28    Governor signed
         Session Law Chapter 174
         Effective: 07/01/03

Bill Text


                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-seventh Legislature                 First Regular Session - 2003
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 328
                                                                        
                                BY APPROPRIATIONS COMMITTEE
                                                                        
  1                                        AN ACT
  2    APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
  3        2004; CLARIFYING THE APPROPRIATION FOR THE PORTFOLIO  INVESTMENT  PROGRAM;
  4        AND LIMITING THE NUMBER OF FULL-TIME EQUIVALENT POSITIONS.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  There is hereby appropriated to the Office of the Governor for
  7    the Public Employee Retirement System the following amounts to be expended for
  8    the named programs according to the designated expense classes from the listed
  9    funds for the period July 1, 2003, through June 30, 2004:
 10                            FOR          FOR            FOR
 11                         PERSONNEL    OPERATING       CAPITAL
 12                           COSTS     EXPENDITURES     OUTLAY         TOTAL
 13    I. RETIREMENT ADMINISTRATION:
 14    FROM:
 15    PERSI Administrative
 16     Fund                $2,747,000   $2,520,100      $ 99,600    $5,366,700
 17    II. PORTFOLIO INVESTMENT:
 18    FROM:
 19    PERSI Special
 20     Fund                $  413,300   $  204,000      $ 15,500    $  632,800
                                                                        
 21      GRAND TOTAL        $3,160,300   $2,724,100      $115,100    $5,999,500
                                                                        
 22        SECTION  2.  Notwithstanding  Section  59-1311(4)(d),  Idaho  Code, moneys
 23    appropriated in Section 1 of this act for the Portfolio Investment Program are
 24    for administrative costs of the Portfolio Investment Program  as  provided  in
 25    Section  59-1311(3), Idaho Code. Amounts necessary to pay all other investment
 26    expenses related to the Portfolio Investment Program are perpetually appropri-
 27    ated to the Public Employee Retirement System Board  as  provided  in  Section
 28    59-1311(4)(a), (b) and (c), Idaho Code.
                                                                        
 29        SECTION  3.  In  accordance  with  Section 67-3519, Idaho Code, the Public
 30    Employee Retirement System is authorized no more than sixty-three  (63)  full-
 31    time equivalent positions at any point during the period July 1, 2003, through
 32    June  30,  2004,  for  the programs specified in Section 1 of this act, unless
 33    specifically authorized by the Governor. The Joint Finance-Appropriations Com-
 34    mittee will be notified promptly of any increased positions so authorized.

Statement of Purpose / Fiscal Impact


Statement of Purpose
RS12288

This is the fiscal year 2004 appropriation for the Public Employee Retirement System of Idaho in the amount of $5,999,500.

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Fiscal Note
FTP  Gen  Ded  Fed  Total 


FY 2003 Original Appropriation 63.00  6,098,200  6,098,200 
Removal of One-Time Expenditures 0.00  (224,500)  (224,500) 


FY 2004 Base 63.00  5,873,700  5,873,700 
Personnel Cost Rollups 0.00 
Inflationary Adjustments 0.00 
Replacement Items 0.00  130,100  130,100 
Nonstandard Adjustments 0.00  3,400  3,400 
Change in Employee Compensation 0.00 


FY 2004 Program Maintenance 63.00  6,007,200  6,007,200 



Enhancements          
Public Employee Retirement System          
 1. Remove 401(k) Administration Pgm 0.00  (7,700)  (7,700) 


FY 2004 Total 63.00  5,999,500  5,999,500 
Chg from FY 2003 Orig Approp 0.00  (98,700)  (98,700) 
% Chg from FY 2003 Orig Approp. 0.0%    (1.6%)     (1.6%)  

This budget includes one program enhancement which eliminates the 401(k) Administration program and related funding.

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Contact: Matt Freeman 334-4740

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. H328