Relates to the appropriation to the Endowment Fund Investment Board for fiscal year 2022.
APPROPRIATIONS -- ENDOWMENT FUND INVESTMENT BOARD -- Relates to the appropriation to the Endowment Fund Investment Board for fiscal year 2022.
STATEMENT OF PURPOSE
This is the FY 2022 original appropriation bill for the Endowment Fund Investment Board. It appropriates a total of $788,800 and caps the number of authorized full-time equivalent positions at 4.00. For benefit costs, the bill maintains the current appropriated amount for health insurance at $11,650 per eligible FTP, extends the holiday for the employer's sick leave contribution rate for another year, and restores funding for the employer's unemployment insurance contribution rate. Funding for replacement items includes $2,000 for a computer and accessories. The bill also provides funding for the equivalent of a 2% change in employee compensation for permanent state employees. The bill funds one line item that provides an additional appropriation of $20,000 in personnel costs and shifts $20,000 from operating expenditures to personnel costs to give a raise to the manager of investments.
HOW THEY VOTED
House Third Reading
YEA (66)
NAY (1)
ABSENT / NOT VOTING (3)
Senate Third Reading
YEA (35)
NAY (0)
LATEST ACTION
Reported Signed by Governor on April 13, 2021 Session Law Chapter 215 Effective: 07/01/2021
BILL INFO
- Session
- 2021
- Chamber
- house
- Status date
- Apr 15, 2021