Rep. Barbara Flynn Currie
Filed: 5/24/2010
 
 

 




 

 		












09600SB3514ham005

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AMENDMENT TO SENATE BILL 3514




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    AMENDMENT NO. ______. Amend Senate Bill 3514, AS AMENDED, 
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with reference to page and line numbers of House Amendment No. 
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3, on page 5, line 6, after "2010", by inserting "and fiscal 
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year 2011"; and
 
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on page 42, immediately below line 18, by inserting the 
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following:
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    "(j) After the submission of all payments for eligible 
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employees from personal services line items paid from the 
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General Revenue Fund in fiscal year 2011 have been made, the 
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Comptroller shall provide to the System a certification of the 
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sum of all fiscal year 2011 expenditures for personal services 
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that would have been covered by payments to the System under 
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this Section if the provisions of this amendatory Act of the 
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96th General Assembly had not been enacted. Upon receipt of the 
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certification, the System shall determine the amount due to the 
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System based on the full rate certified by the Board under 
 


 






09600SB3514ham005
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Section 14-135.08 for fiscal year 2011 in order to meet the 
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State's obligation under this Section. The System shall compare 
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this amount due to the amount received by the System in fiscal 
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year 2011 through payments under this Section. If the amount 
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due is more than the amount received, the difference shall be 
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termed the "Fiscal Year 2011 Shortfall" for purposes of this 
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Section, and the Fiscal Year 2011 Shortfall shall be satisfied 
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under Section 1.2 of the State Pension Funds Continuing 
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Appropriation Act. If the amount due is less than the amount 
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received, the difference shall be termed the "Fiscal Year 2011 
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Overpayment" for purposes of this Section, and the Fiscal Year 
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2011 Overpayment shall be repaid by the System to the General 
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Revenue Fund as soon as practicable after the certification."; 
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and


 
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on page 84, by replacing line 22 with the following:
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"prior to September 30, 2010; however, after September 30th 
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the".