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2002 Session

Budget Amendments - HB29 (Conference Report)

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VRS NGF Group Life Savings (language only)

Item 3-1.01 #16c

Item 3-1.01 #16c

Transfers
Interfund Transfers

Language
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 $798,596 reflecting the nongeneral fund savings due to the suspension of the retiree portion of the state employee group life employer contribution rate for the remainder of fiscal year 2002."


Explanation
(This amendment captures the nongeneral fund savings from the suspension of the employer premium for state employee group life program.)