| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | - | LCO 4037 \\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07118-R01- | |
| 4 | - | HB.docx | |
| 5 | - | 1 of 2 | |
| 3 | + | ||
| 4 | + | LCO No. 4037 1 of 2 | |
| 6 | 5 | ||
| 7 | 6 | General Assembly Raised Bill No. 7118 | |
| 8 | 7 | January Session, 2019 | |
| 9 | 8 | LCO No. 4037 | |
| 10 | 9 | ||
| 11 | 10 | ||
| 12 | 11 | Referred to Committee on HIGHER EDUCATION AND | |
| 13 | 12 | EMPLOYMENT ADVANCEMENT | |
| 14 | 13 | ||
| 15 | 14 | ||
| 16 | 15 | Introduced by: | |
| 17 | 16 | (HED) | |
| 17 | + | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | ||
| 21 | 21 | AN ACT FUNDING THE UNFUNDED PENSION LIABILITY PORTION | |
| 22 | 22 | OF THE FRINGE BENEFIT COST FOR CERTAIN EMPLOYEES OF THE | |
| 23 | 23 | CONSTITUENT UNITS OF THE STATE SYSTEM OF HIGHER | |
| 24 | 24 | EDUCATION. | |
| 25 | 25 | Be it enacted by the Senate and House of Representatives in General | |
| 26 | 26 | Assembly convened: | |
| 27 | 27 | ||
| 28 | 28 | Section 1. (NEW) (Effective July 1, 2019) For the fiscal year ending 1 | |
| 29 | 29 | June 30, 2020, and for each fiscal year thereafter, the Comptroller shall 2 | |
| 30 | 30 | fund, from resources appropriated for the State Comptroller-Fringe 3 | |
| 31 | 31 | Benefits, the unfunded pension liability portion of the fringe benefit 4 | |
| 32 | 32 | costs of the constituent units of the state system of higher education for 5 | |
| 33 | 33 | employees compensated through resources other than the General 6 | |
| 34 | 34 | Fund. Nothing in this section shall change the funding by the 7 | |
| 35 | 35 | Comptroller of the fringe benefit costs of the constituent units of the 8 | |
| 36 | 36 | state system of higher education for employees compensated through 9 | |
| 37 | 37 | the General Fund from resources appropria ted for the State 10 | |
| 38 | - | Comptroller-Fringe Benefits. 11 | |
| 38 | + | Comptroller-Fringe Benefits. 11 Raised Bill No. 7118 | |
| 39 | + | ||
| 40 | + | ||
| 41 | + | ||
| 42 | + | LCO No. 4037 2 of 2 | |
| 43 | + | ||
| 39 | 44 | This act shall take effect as follows and shall amend the following | |
| 40 | 45 | sections: | |
| 41 | - | Raised Bill No. 7118 | |
| 42 | - | ||
| 43 | - | ||
| 44 | - | LCO 4037 {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07118- | |
| 45 | - | R01-HB.docx } | |
| 46 | - | 2 of 2 | |
| 47 | 46 | ||
| 48 | 47 | Section 1 July 1, 2019 New section | |
| 49 | 48 | ||
| 50 | - | HED Joint Favorable C/R APP | |
| 49 | + | Statement of Purpose: | |
| 50 | + | To prohibit the passing of unfunded pension liabilities to students and | |
| 51 | + | recipients of research grants through the fringe benefit rates of non- | |
| 52 | + | General Fund employees at public institutions of higher education. | |
| 53 | + | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, | |
| 54 | + | except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is | |
| 55 | + | not underlined.] | |
| 51 | 56 |