6386-S.E AMH BAIL PRIN 057

ESSB 6386 - H AMD TO APP COMM AMD (H-5297.5/06) 974

By Representative Bailey

FAILED 2/24/2006

   On page 244, beginning on line 15, strike all of section 716

   Renumber the remaining sections consecutively, and correct any internal references accordingly.

   Remove all appropriations made in this act from the Pension Funding Stabilization Account--State.

   Correct the totals in each section of this act for any removal of appropriations from the Pension Funding Stabilization Account--State.

   Beginning on page 244, line 27, strike all of section 717

   Renumber the remaining sections consecutively, and correct any internal references accordingly.

EFFECT: Eliminates the $49,599,000 appropriation from the General Fund-State to the Pension Funding Stabilization Account-State, and removes all appropriations from the Pension Funding Stabilization Account-State throughout the act. Also eliminates the establishment of additional contributions rates to the state retirement systems.

FISCAL IMPACT:

   Reduces General Fund--State by $49,599,000

Reduces Pension Funding Stabilization Account--State by $49,599,000