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2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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Deputy Treasurers' Career Development Program

Item 69 #1s

Item 69 #1s

First Year - FY2005 Second Year - FY2006
Administration
Compensation Board FY2005 $85,515 FY2006 $192,486 GF

Language
Page 51, line 43, strike "$21,801,282" and insert "$21,886,797".
Page 51, line 43, strike "$21,801,282" and insert "$21,993,768".
Page 53, line 3, at the end of the line, insert a new paragraph D as follows:
"D.1. Out of the amounts in this Item shall be provided $85,515 in the first year and $192,486 in the second year from the general fund for the Compensation Board to implement a Deputy Treasurers' Career Development Plan.  The Compensation Board shall adopt minimum criteria for the Deputy Treasurers’ Career Development Plan 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 Plan 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 Career Development Program, the Compensation Board shall increase the annual salary established for that position by 9.3 per cent, 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, 2004, for a salary increase effective date of December 1, 2004.  Subsequent new certifications and selections for participation will 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 amendmentprovides authority and $85,515 GF the first year and $192,486 GF the second year for the institution of Career Development Programs for Deputy Treasurers.)