This bill appropriates funds to support the operations of the Public Employees Retirement Board for the fiscal years 2025-26 and 2026-27. Specifically, it allocates $40,000 from the School Expense Fund and $26,000 from the State Patrol Expense Fund for FY2025-26, while no funds are allocated for FY2026-27. Additionally, the bill stipulates that total expenditures for salaries and per diems from these appropriated funds shall not exceed $20,000 for FY2025-26 and $-0- for FY2026-27.
The bill also declares an emergency, allowing it to take effect immediately upon passage and approval. This urgency underscores the importance of the appropriations for the upcoming legislative session.