Bill > H0277

This bill appropriates a total of $872,600 to the Endowment Fund Investment Board for fiscal year 2024, covering the period from July 1, 2023, through June 30, 2024. * $78,000 for personnel costs from the Miscellaneous Revenue Fund. * $13,900 for operating expenditures from the Miscellaneous Revenue Fund. * $593,900 for personnel costs from the Endowment Earnings Administrative Fund. * $183,300 for operating expenditures from the Endowment Earnings Administrative Fund. * $3,500 for capital outlay from the Endowment Earnings Administrative Fund. * The bill also authorizes the Endowment Fund Investment Board to have up to four full-time equivalent positions. * Continuous appropriation authority is granted for consulting fees, custodial fees, investment manager fees, and other portfolio-related external costs. * For fiscal year 2024, the Endowment Fund Investment Board is directed to transfer a total of $100,315,000 from various Earnings Reserve Funds to their corresponding Income Funds, including significant transfers from the Public School Earnings Reserve Fund to the Public School Income Fund ($61,532,200) and from the Mental Hospital Earnings Reserve Fund to the Mental Hospital Income Fund ($7,586,400).