Print Friendly HOUSE BILL NO. 328 – Approp, Public Employee Retirement
HOUSE BILL NO. 328
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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
|||| 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 |
| RS12288 |
This is the fiscal year 2004 appropriation for the Public Employee Retirement System of Idaho in the amount of $5,999,500.
.
 
| FY 2003 Original Appropriation |
63.00 |
0 |
6,098,200 |
0 |
6,098,200 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(224,500) |
0 |
(224,500) |
| FY 2004 Base |
63.00 |
0 |
5,873,700 |
0 |
5,873,700 |
| Personnel Cost Rollups |
0.00 |
0 |
0 |
0 |
0 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
130,100 |
0 |
130,100 |
| Nonstandard Adjustments |
0.00 |
0 |
3,400 |
0 |
3,400 |
| Change in Employee Compensation |
0.00 |
0 |
0 |
0 |
0 |
| FY 2004 Program Maintenance |
63.00 |
0 |
6,007,200 |
0 |
6,007,200 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Remove 401(k) Administration Pgm |
0.00 |
0 |
(7,700) |
0 |
(7,700) |
| FY 2004 Total |
63.00 |
0 |
5,999,500 |
0 |
5,999,500 |
| Chg from FY 2003 Orig Approp |
0.00 |
0 |
(98,700) |
0 |
(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.
.
Contact: Matt Freeman 334-4740
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H328 |