| 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. |