1998 Session

Budget Amendments - HB30 (Committee Approved)

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Health Insurance Fund (language only)

Item 552 #1h

Item 552 #1h

Central Appropriations
Central Appropriations

Page 329, strike lines 22 through 32, and insert:
"G. On July 1, 1998, the State Comptroller shall unreserve the $21,800,000 in the Payroll Reserve Fund and shall transfer $9,220,000 into the Employee Health Insurance Fund to be accounted for as a reserve component of this Fund.  In addition, the Director of the Department of Planning and Budget shall unallot and transfer into the Employee Health Insurance Fund $10,000,000 from nongeneral fund agencies representing their share of funding the Health Insurance Reserve."

(This amendment transfers approximately $20 million to the state employee Health Insurance Fund (HIF). Approximately $9.3 million is from the general fund and $10.0 million from nongeneral fund agencies. The transfer will occur on July 1, 1998.)