Introduced
by
To provide a template or "place holder" for a potential supplemental appropriation bill for the Department of Treasury in the current 2020-2021 fiscal year. The introduced bill contains nominal appropriations only and may be amended to include real ones.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
by
The substitute passed by voice vote
Amendment offered
by
The amendment failed by voice vote
Amendment offered
by
The amendment failed by voice vote
Passed in the House 71 to 33 (details)
To appropriate $1.5 billion in the current fiscal year to boost underfunded local government employee pension systems. Of this, $900 million would go to those with the most severe underfuniing (below 60% of what actuaries estimate they should have), $250 million would go to local governments whose pension underfunding is less severe, which could be used against other debt reduction or on infrastructure spending; and $350 million would go to reduce the unfunded liabilities in the State Police pension system. The money would come from state not federal revenue sources, using money freed-up by massive epidemic-related federal cash injections.
Referred to the Committee on Appropriations
