OFA Bill Analysis

sHB 6352

AN ACT CONCERNING THE EXPENDITURE CAP.

SUMMARY:

The bill alters the spending cap by: A) exempting appropriations related to the state's unfunded past service liability for the State Employee Retirement System (SERS) and the Teachers' Retirement System (TRS), and B) exempting appropriations for new or existing programs that are expanded to 100% federal reimbursement in the first year they are made after July 1, 2013.

EFFECTIVE DATE: Upon Passage

COMMITTEE ACTION

Appropriations Committee

Joint Favorable Substitute

Yea

31

Nay

19

(4/19/2013)