Sec. CCC-1. Calculation and transfer; health insurance cost savings. Notwithstanding any other provision of law, the State Budget Officer shall calculate the amount of savings in section 2 that applies against each General Fund account for all departments and agencies from savings in the cost of health insurance and shall transfer the amounts by financial order upon the approval of the Governor. These transfers are considered adjustments to appropriations in fiscal year 2004-05. The State Budget Officer shall provide the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs a report of the transferred amounts no later than January 15, 2005.
Sec. CCC-2. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Departments and Agencies - Statewide 0016
Initiative: Deappropriates funds for health insurance as a result of a negotiated rate that is less than what was anticipated.
General Fund 2003-04 2004-05
Personal Services $0 ($400,000)
__________ __________
General Fund Total $0 ($400,000)
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