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2007 Session

Budget Amendments - HB1650 (Conference Report)

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Strike LEOS Grant Language in HB 1650

Item 59 #1c

Item 59 #1c

First Year - FY2007 Second Year - FY2008
Administration
Compensation Board FY2007 $0 FY2008 ($11,500,000) GF

Language
Page 46, line 51, strike "$382,352,519" and insert "$370,852,519".
Page 50, strike lines 52 through 55.
Page 51 strike lines 1 through 31; and insert;
"L.  The Governor shall include in his budget recommendations to the 2008 session of the General Assembly for FY 2008 funding for any additional cost incurred by the Compensation Board as a result of localities electing to provide enhanced retirement benefits to their deputy sheriffs and jail officers, as provided for in Senate Bill 1166, prior to the mandatory implementation date of July 1, 2008."


Explanation
(This amendment deletes $11.5 million from the general fund the second year and strikes the language providing an incentive grant to those localities that provide enhanced retirement benefits to their deputy sheriffs and jail officers under the Law Enforcement Officers Retirement System. Senate Bill 1166, 2007 Regular Session of the General Assembly, requires localities to provide these enhanced retirement benefits to their deputy sheriffs no later than July 1, 2008, but they may exercise the existing option for an earlier election.)