Idaho Bills

Appropriates $722,700 to the Endowment Fund Investment Board for fiscal year 2019; limits the number of authorized full-time equivalent positions to 3.70; authorizes continuous appropriation authority for certain costs; and expresses legislative intent with regard to transfers from the earnings reserve funds to the income funds.

This is the FY 2019 original appropriation bill for the Endowment Fund Investment Board. It appropriates $722,700 and caps the number of authorized full-time equivalent positions at 3.70. 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, $3,700 is removed, as Attorney General fees will decrease by $3,200, risk management costs will decrease by $200, and State Controller fees will decrease by $300. 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. The bill authorizes a continuous appropriation for consulting fees, bank custodial fees, and portfolio-related external costs. It contains legislative intent recognizing the amount the StateLandBoardhasapprovedfortransferintotheincomefundsinFY2019andavailableforappropriation to the beneficiaries.

Amends existing law to revise compensation provisions regarding board members.