Bill Text: AZ SB1407 | 2018 | Fifty-third Legislature 2nd Regular | Introduced

Arizona Senate Bill 1407 (Prior Session Legislation)

Introduced

Bill Title: Appropriation; PSPRS; pension liability; Prescott

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-02-20 - Senate APPROP Committee action: Discussion Only, voting: (0-0-0-0) [SB1407 Detail]

Download: Arizona-2018-SB1407-Introduced.html

REFERENCE TITLE: appropriation; PSPRS; pension liability; Prescott

State of Arizona

Senate

Fifty-third Legislature

Second Regular Session

2018

SB 1407

Introduced by

Senator Fann

AN ACT

Appropriating monies to the public safety personnel retirement system.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Appropriation; PSPRS; pension liability; city of Prescott

The sum of $7,800,000 is appropriated from the state general fund in fiscal year 2018‑2019 to the public safety personnel retirement system to be deposited in the employer account of the Prescott fire department group to offset the increased pension liability caused by the deaths of the granite mountain hotshots.