| Sec. C-1. Calculation and transfer; recovery of unfunded actuarial liability. |
| Notwithstanding any other provision of law, the State Budget |
| Officer shall calculate the amount of expenditures in Part A, |
| section 1 that applies against each Highway Fund account for all |
| departments and agencies for the increased state cost allocation |
| program requirements associated with the recovery of unfunded |
| actuarial liability costs and shall transfer the amounts by |
| financial order upon the approval of the Governor. These |
| transfers are considered adjustments to allocations in fiscal |
| year 2004-05. The State Budget Officer shall provide the joint |
| standing committee of the Legislature having jurisdiction over |
| transportation matters a report of the transferred amounts no |
| later than January 15, 2005. |