Appropriates $4,035,800 to the State Treasurer for fiscal year 2017; limits the number of authorized full-time equivalent positions to 26; provides for reappropriation authority for the LGIP Fund; provides legislative intent regarding conference-related activities; provides legislative intent regarding payment of bank service fees; and provides legislative intent regarding mitigation of bank service fees.

This bill appropriates $4,035,800 to the State Treasurer for FY 2017 and caps the number of authorized full-time equivalent positions at 26.00. For program maintenance, the bill includes funding for the employer's share of increased benefit costs as well as decreases for statewide cost allocation. It includes an annualization and increase for the State Treasurer's salary changes, as provided by Section 59-501, Idaho Code. The bill also provides for an ongoing 3% merit-based increase in employee compensation for permanent employees to be distributed at the discretion of agency heads and funds the 27th payroll. One line item is included, which provides $60,000 in ongoing dedicated funds for a third-party to audit the financial statements of the various investment pools managed by the State Treasurer. Under budget law exceptions, the State Treasurer is provided with carryover authority of unspent appropriations from FY 2016 for the Local Government Investment Pool (LGIP) Fund. The bill also expresses legislative intent regarding conference related activity, payment of bank service fees, and mitigation of bank service fees.