Print Friendly HOUSE BILL NO. 732 – Approp, Public Employee Retirement
HOUSE BILL NO. 732
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H0732.....................................................by APPROPRIATIONS
APPROPRIATIONS - PUBLIC EMPLOYEE RETIREMENT SYSTEM - Appropriates
$8,984,500 to the Office of the Governor for the Public Employee Retirement
System for fiscal year 2005; 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.
02/19 House intro - 1st rdg - to printing
02/20 Rpt prt - to 2nd rdg
02/23 2nd rdg - to 3rd rdg
02/25 3rd rdg - PASSED - 68-0-2
AYES -- Andersen, Barraclough, Barrett, Bauer, Bayer, Bedke, Bell,
Black, Block, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins,
Cuddy, Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth, Eskridge,
Field(18), Gagner, Garrett, Harwood, Henbest, Jaquet, Jones, Kellogg,
Kulczyk, Lake, Langford, Langhorst, Martinez, McGeachin, McKague,
Meyer, Miller, Mitchell, Moyle, Naccarato, Nielsen, Pasley-Stuart,
Raybould, Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali,
Sayler, Schaefer, Shepherd, Shirley, Skippen, Smith(30), Smith(24),
Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker
NAYS -- None
Absent and excused -- Crow, Field(23)
Floor Sponsor - Robison
Title apvd - to Senate
02/26 Senate intro - 1st rdg - to Fin
02/27 Rpt out - rec d/p - to 2nd rdg
03/01 2nd rdg - to 3rd rdg
03/02 3rd rdg - PASSED - 31-0-4
AYES -- Andreason, Bailey, Brandt, Burkett, Burtenshaw, Calabretta,
Cameron, Compton(Duncan), Darrington, Davis, Gannon, Geddes, Goedde,
Hill, Ingram, Kennedy, Keough, Little, Lodge, Malepeai, Marley,
McKenzie, Noble(Anderson), Noh, Pearce, Schroeder, Sorensen,
Stennett, Sweet, Werk, Williams
NAYS -- None
Absent and excused -- Bunderson, McWilliams, Richardson, Stegner
Floor Sponsor - Lodge
Title apvd - to House
03/03 To enrol
03/04 Rpt enrol - Sp signed
03/05 Pres signed
03/08 To Governor
03/10 Governor signed
Session Law Chapter 36
Effective: 07/01/04
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 732
BY APPROPRIATIONS COMMITTEE
1 AN ACT
2 APPROPRIATING MONEYS FOR THE PUBLIC EMPLOYEE RETIREMENT SYSTEM FOR FISCAL YEAR
3 2005; 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, 2004, through June 30, 2005:
10 FOR FOR FOR
11 PERSONNEL OPERATING CAPITAL
12 COSTS EXPENDITURES OUTLAY TOTAL
13 I. RETIREMENT ADMINISTRATION:
14 FROM:
15 PERSI Administrative
16 Fund $2,909,900 $5,254,400 $173,700 $8,338,000
17 II. PORTFOLIO INVESTMENT:
18 FROM:
19 PERSI Special
20 Fund $ 428,700 $ 202,300 $ 15,500 $ 646,500
21 GRAND TOTAL $3,338,600 $5,456,700 $189,200 $8,984,500
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, 2004, through
32 June 30, 2005, 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 |
| RS13419 |
This is a FY 2005 appropriation for the Public Employee Retirement System of Idaho (PERSI) in the amount of $8,984,500. Included in this appropriation amount is $2,850,300 for a Business Process Reengineering project. While the project will span over three fiscal years, full funding for the project is appropriated in the FY 2005 budget. Out-year project expenses will be handled through the statutory encumbrance process.
.
 
| FY 2004 Original Appropriation |
63.00 |
0 |
6,053,400 |
0 |
6,053,400 |
| Removal of One-Time Expenditures |
0.00 |
0 |
(130,100) |
0 |
(130,100) |
| FY 2005 Base |
63.00 |
0 |
5,923,300 |
0 |
5,923,300 |
| Personnel Cost Rollups |
0.00 |
0 |
69,100 |
0 |
69,100 |
| Inflationary Adjustments |
0.00 |
0 |
0 |
0 |
0 |
| Replacement Items |
0.00 |
0 |
119,200 |
0 |
119,200 |
| Nonstandard Adjustments |
0.00 |
0 |
(32,700) |
0 |
(32,700) |
| Change in Employee Compensation |
0.00 |
0 |
55,300 |
0 |
55,300 |
| FY 2005 Program Maintenance |
63.00 |
0 |
6,134,200 |
0 |
6,134,200 |
| Enhancements |
|
|
|
|
|
| Public Employee Retirement System |
|
|
|
|
|
| 1. Business Process Reengineering |
0.00 |
0 |
2,850,300 |
0 |
2,850,300 |
| FY 2005 Total |
63.00 |
0 |
8,984,500 |
0 |
8,984,500 |
| Chg from FY 2004 Orig Approp |
0.00 |
0 |
2,931,100 |
0 |
2,931,100 |
| % Chg from FY 2004 Orig Approp. |
0.0% |
|
48.4% |
|
48.4% |
.
Contact: Matt Freeman 334-4740
Legislative Services Office, Budget & Policy Analysis
| Statement of Purpose/Fiscal Note |
Bill No. H732 |