1998 Session

Budget Amendments - SB30 (Committee Approved)

Group Life Savings for Constitutional Officers

Item 547.10 #3s

Item 547.10 #3s

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 ($204,000) FY2000 ($204,000) GF

Page 323, after line 40, insert:
"547.10 Reversion Clearing Account
               Miscellaneous (22600)            ($204,000)          ($204,000)
               Fund Sources: General           ($204,000)          ($204,000)
               Authority:  Discretionary Inclusion"

(This amendment captures incremental personnel savings resulting from not making group life insurance contributions for employees of constitutional officers during the 1998-2000 biennium. Because of prudent policies and increased investment yields, the group life insurance program has sufficient balances to cover prospective liabilities.)