PREFILED JAN 09 2023
REFERENCE TITLE: ASRS; contribution prepayment; appropriation |
State of Arizona House of Representatives Fifty-sixth Legislature First Regular Session 2023
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HB 2020 |
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Introduced by Representative Livingston
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An Act
appropriating monies to the Arizona state retirement system.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Appropriation; Arizona state retirement system; employer contribution prepayment; exemption
A. The sum of $534,000,000 is appropriated from the state general fund to the Arizona state retirement system to prepay this state's employers' 401(a) pension contributions pursuant to section 38-737, subsection D, Arizona Revised Statutes.
B. The appropriation made in subsection A of this section is exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations.