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2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Deputy Treasurer Career Development Program

Item 69 #1c

Item 69 #1c

First Year - FY2005 Second Year - FY2006
Administration
Compensation Board FY2005 $68,949 FY2006 $162,801 GF

Language
Page 51, line 43, strike "$21,801,282" and insert "$21,870,231".
Page 51, line 43, strike "$21,801,282" and insert "$21,964,083".
Page 53, after line 3, insert:
"D.1. Out of the amounts included in this item is $68,949 the first year and $162,801 the second year from the general fund for the Compensation Board to implement a Deputy Treasurers' Career Development Program.  The Compensation Board shall adopt minimum criteria for the Deputy Treasurers’ Career Development Program by July 15, 2004.   The minimum criteria shall include initial and continuing education requirements for the Deputy Treasurers and performance criteria.  The Compensation Board shall submit the minimum criteria for Deputy Treasurers' Career Development Program to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees no later than August 15, 2004.
2. For each Deputy Treasurer selected by the Treasurer for participation in the Deputy Treasurers' Career Development Program, the Compensation Board shall increase the annual salary established for that position by 9.3 percent, effective December 1, following receipt of the Treasurer’s certification that the minimum requirements of the Deputy Treasurers’ Career Development Program have been met, and provided that such certification is submitted by the Treasurer as part of the annual budget request to the Compensation Board on February 1st of each year.  The first period for Treasurers to make this certification and select Deputy Treasurers for participation in the Career Development Program will be on the budget request submitted to the Compensation Board on or before February 1, 2005, for a salary increase effective date of December 1, 2005.  Subsequent new certifications and selections for participation shall occur each year as a part of the annual budget request submission on or before February 1st of each year, for an effective date of salary increase of the following December 1st."


Explanation
(This amendment provides for the development and implementation of a Deputy Treasurers' Career Development Program.)