HOUSE BILL NO, 990
AS AMENDED BY HOUSE AMENDMENT NOS. I AND 2
AN ACT MAKING A SUPPLEMENTAL APPROPRIATION TO THE STATE EMPLOYEES PENSION TRUST FUND PURSUANT TO THE PROVISIONS OF SECTION 5544(g), CHAPTER 55, TITLE 29, DELAWARE CODE.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. There is hereby appropriated to the State Employees Pension Trust Fund the sum of Five Million Sixty Eight Thousand Dollars ($5,068,000), which appropriation is made pursuant to the provisions of 29 Delaware Code 5544 (g) and is that amount required for the second and final payment to amortize the unfunded accrued liability for the increase in certain service, survivor, and disability pensions granted pursuant to G2 Delaware Laws, Chapters 6 and 103.
Section 2. The sum appropriated in Section 1 of this Act is a supplemental appropriation, and it is the intent of the General Assembly that the funds so appropriated be identified as available, and be paid by the State Treasurer, from surplus General Fund monies over and above those required to fully fund the Budget Reserve Account.
Section 3. Funds appropriated and remaining unexpended or unencumbered on June 30, 1981 shall revert to the General Fund of the State of Delaware.
Approved July 10, 1980.