Section 38.68a - Appropriation amount; purpose; work project; estimated completion date.
STATE EMPLOYEES' RETIREMENT ACT (EXCERPT)
Act 240 of 1943
38.68a Appropriation amount; purpose; work project; estimated completion date.
Sec. 68a.
In addition to the amount appropriated in part 1 of 2001 PA 83 for retirement services, there is appropriated for the fiscal year ending September 30, 2002, $2,100,000.00 in pension trust funds to the department of management and budget, retirement services, for administration of the changes created by House Bill No. 5732 of the 91st Legislature. The unexpended portion of this appropriation is considered a work project appropriation. The project will be accomplished by the use of department personnel and contracting with private consultants with an estimated completion date of September 30, 2003.
History: Add. 2002, Act 99, Imd. Eff. Mar. 27, 2002