2002 Session

Budget Amendments - HB29 (Committee Approved)

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Additional VRS Savings (NGF) (language only)

Item 3-1.01 #13h

Item 3-1.01 #13h

3: Miscellaneous & Part 4: General Provisions)

Page 527, after line 30, insert:
"GG.  Prior to June 30, 2002, the State Comptroller shall transfer from agency nongeneral fund accounts an amount estimated at $5,017,475 for the greater than anticipated savings from the reduction in employer retirement contributions to achieve the savings from identification and resolution of dormant retirement accounts.  Appropriated funds from federal sources are exempt from this transfer."

(This amendment captures additional nongeneral fund savings from the suspension of employer contributions.)