Executive Management Savings - State Corporation Commission

Item 522.10 #1s

Language
Page 376, following line 31
Page 50, following line 39, insert:
"524.10 Executive Management (71300)..................($766,461)      ($875,956)
Savings from Management Actions (71301).................... ($766,461)     ($875,956)
Fund Sources: Trust and Agency....................($766,461)       ($875,956)
Authority:  Discretionary Inclusion"

Explanation
(This amendment reduces the administrative budget for the State Corporation Commission by 7% the first year and 8% the second year. A companion amendment to Item 506 reduces agency general fund retirement contributions to reflect these administrative savings. )