Replaces everything after the enacting clause. Amends the State Finance Act. Exempts the Teacher Health Insurance Security Fund from the provisions allowing the Governor to direct the State Treasurer and Comptroller to transfer a specified sum from any fund held by the State Treasurer to the General Revenue Fund in order to help defray the State's operating costs for the fiscal year. Effective immediately.
Governor Amendatory Veto Message Recommends that the language exempting the Teacher Health Insurance Security Fund from provisions allowing the Governor to authorize transfers to the General Revenue Fund be deleted and replaced by language providing that, in fiscal year 2006 only, prior to calculating the July 1, 2005 final balances, the Governor may calculate and direct the State Treasurer with the Comptroller to transfer additional amounts determined by applying a stated formula to the fund balances on July 1, 2004.