Appropriates $4,232,100 to the State Treasurer for fiscal year 2019; limits the number of authorized full-time equivalent positions to 26.00; 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 is the FY 2019 original appropriation bill for the State Treasurer. It appropriates $4,232,100 and caps the number of authorized full-time equivalent positions at 26.00. For benefit costs, the bill removes $1,450 per eligible FTP to bring the annual employer contribution for health insurance down to $11,650 by including a two-month employee and employer premium holiday, adds a 6.8% increase for life insurance, and adjusts funding for workers' compensation in amounts that vary by agency. For statewide cost allocation, $2,400 is provided, as risk management costs will increase by $700, State Controller fees will increase by $2,000, and State Treasurer fees will decrease by $300. An annualization of $1,000 is provided for the State Treasurer's statutory salary increase for the period July 1, 2018, through December 31, 2018. The bill also provides funding for a 3% ongoing merit-based salary increase for permanent employees, to be distributed at the discretion of the agency head.