2004 Legislation
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HOUSE BILL NO. 732 – Approp, Public Employee Retirement

HOUSE BILL NO. 732

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Bill Status



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

Bill Text


                                                                        
                                                                        
  ]]]]              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 / Fiscal Impact


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.

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Fiscal Note
FTP  Gen  Ded  Fed  Total 


FY 2004 Original Appropriation 63.00  6,053,400  6,053,400 
Removal of One-Time Expenditures 0.00  (130,100)  (130,100) 


FY 2005 Base 63.00  5,923,300  5,923,300 
Personnel Cost Rollups 0.00  69,100  69,100 
Inflationary Adjustments 0.00 
Replacement Items 0.00  119,200  119,200 
Nonstandard Adjustments 0.00  (32,700)  (32,700) 
Change in Employee Compensation 0.00  55,300  55,300 


FY 2005 Program Maintenance 63.00  6,134,200  6,134,200 



Enhancements          
Public Employee Retirement System          
 1. Business Process Reengineering 0.00  2,850,300  2,850,300 


FY 2005 Total 63.00  8,984,500  8,984,500 
Chg from FY 2004 Orig Approp 0.00  2,931,100  2,931,100 
% Chg from FY 2004 Orig Approp. 0.0%    48.4%     48.4%  

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Contact: Matt Freeman 334-4740

Legislative Services Office, Budget & Policy Analysis

Statement of Purpose/Fiscal Note Bill No. H732