Digest: The Act creates an agency budget. (Flesch Readability Score: 73.8).
Limits certain biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Public Employees Retirement System.
Limits biennial expenditures by the Public Employees Retirement System from specified funds.
Authorizes specified nonlimited expenditures.
Declares an emergency, effective July 1, 2025.