HOUSE BILL NO. 36
INTRODUCED BY C. LAMBERT
BY REQUEST OF THE PUBLIC EMPLOYEES' RETIREMENT BOARD
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING AN APPROPRIATION TO REPAY THE LOAN FOR THE STARTUP COSTS OF THE DEFINED CONTRIBUTION RETIREMENT PLAN IN THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM; AND PROVIDING AN EFFECTIVE DATE."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
NEW SECTION. Section 1. Appropriation to repay the startup loan for the defined contribution plan. There is appropriated from the general fund to the public employees' retirement board, $1.4 million to be used for repaying the loan for startup costs of the defined contribution retirement plan.
NEW SECTION. Section 2. Effective date. [This act] is effective July 1, 2005.
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Latest Version of HB 36 (HB0036.01)
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