Last Action | Not accepted in Senate (violation of Senate Rules and Mason's Manual) |
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Title | AN ACT relating to funding the Kentucky Retirement Systems. |
Bill Documents |
Bill
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Bill Request Number | 368 |
Sponsors | G. Stumbo, L. Clark, R. Adkins, S. Overly, T. Thompson |
Summary of Original Version | Amend KRS 131.030 to make technical corrections. |
Index Headings of Original Version |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Proposed Amendments |
House Committee Substitute 1 House Committee Amendment 1 House Floor Amendment 1 House Floor Amendment 2 House Floor Amendment 3 |
Votes | Vote History |
02/19/13 |
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02/20/13 |
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02/22/13 |
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02/25/13 |
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02/27/13 |
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02/28/13 |
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Amendment | House Committee Substitute 1 |
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Summary | Delete the provisions of the original bill; create a new section of KRS Chapter 61 to establish the Kentucky Retirement Systems sustainability trust fund; amend KRS 138.510 to require all tax collected on money wagered on any historical horse race after the annual thershold has been met to be deposited in the Kentucky Retirement Systems sustainability trust fund; amend KRS 138.511 to define annual threshold, historical horse race, and live racing; create new sections of KRS Chapter 138 and 154A to cease the distribution of funds to the Kentucky Retirement Systems sustainability trust fund if the actuarial value of the Kentucky Retirement Systems assets are equal to or greater than 80% of the actuarially accrued liabilities of the Kentucky Retirement Systems; amend KRS 154A.130 to credit all net lottery revenues from the sale of lottery tickets resulting from the expansion and implementation of new games by the Lottery Corporation to the Kentucky Retirement Systems sustainability trust fund; make conforming changes. |
Index Headings |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Amendment | House Committee Amendment 1 |
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Sponsor | R. Rand |
Summary | Make title amendment. |
Index Headings |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Amendment | House Floor Amendment 1 |
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Sponsor | J. Hoover |
Summary | Retain original provisions; create a new section of KRS Chapter 18A to require a 10% reduction in the cost of executive branch personnel over a three year period beginning in fiscal year 2013-2014; create a new section of KRS 45A.690 to 45A.725 to reduce the amount that may be expended by the executive branch on general fund supported personal service contracts by $70,000,000 from the level of expenditures in fiscal year 2012-2013; create a noncodified section that reallocates the $70,000,000 saved from the reduction in personal services contracts in fiscal year 2013-2014 from various state agencies to the fund established by Section 1 of the Act; require specific appropriations to the fund created by Section 1 of the Act and to the Kentucky Department of Education for textbooks in fiscal biennium 2014 - 2016. |
Index Headings |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Amendment | House Floor Amendment 2 |
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Sponsor | J. Hoover |
Summary | Make title amendment. |
Index Headings |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Amendment | House Floor Amendment 3 |
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Sponsor | J. Hoover |
Summary | Retain section 1 of the HCS; delete the remaining provisions and instead create a new section of KRS Chapter 18A to require a 10% reduction in the cost of executive branch personnel over a three year period beginning in fiscal year 2013-2014; create a new section of KRS 45A.690 to 45A.725 to reduce the amount that may be expended by the executive branch on general fund supported personal service contracts by $70,000,000 from the level of expenditures in fiscal year 2012-2013; create a noncodified section that reallocates the $70,000,000 saved from the reduction in personal services contracts in fiscal year 2013-2014 from various state agencies to the fund established by Section 1 of the Act; require specific appropriations to the fund created by Section 1 of the Act and to the Kentucky Department of Education for textbooks in fiscal biennium 2014 - 2016. |
Index Headings |
Taxation - Make technical corrections Technical Corrections - Department of Revenue |
Last updated: 8/27/2019 7:53 PM (EDT)