2014 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Puckett
Constitutional Officers Bonus (language only)

Item 467 #1s

Item 467 #1s

Central Appropriations
Central Appropriations

Page 403, after line 19, insert:
"5. All constitutional officers of the Commonwealth and their employees who were employed on April 1, 2014 and remain employed until at least November 24, 2014 shall receive an additional one-time bonus payment equal to three percent of base pay on December 1, 2014, contingent upon any discretionary unspent general fund appropriations recommended by the Governor for reversion at the end of fiscal year 2014 equaling or exceeding $37,113,711, twice the general fund cost of this three percent bonus payment.  In the event that the total of all funds provided for in this paragraph are insufficient to fully fund this action, such bonus payment shall be prorated to a percent of base pay for the general fund payroll that equates to the amount of total general fund resources provided.  For purposes of paying the general fund share of the December 1, 2014 three-percent one-time bonus, after meeting all Constitutionally required deposits to the Revenue Stabilization Fund, the State Comptroller shall reserve $37,113,711 in the Restricted Fund balance in addition to the amounts reserved in paragraph 3 above."

(This amendment provides for a one-time bonus payment of three percent to all Constitutional officers and their staff contingent upon discretionary general fund balances of twice the estimated general fund cost.)