|Date Requested:February 21, 2011
Time Requested:02:08 PM
| FUND(S) |
Public Employees Retirement System
Sources of Revenue
|Other Fund Investments|
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|The IMB will incur administrative cost in overseeing the loan authorized by this legislation. The most significant cost will be related to the audit and valuation of the loan.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Annual cost for audit and valuation is estimated to be $10,000.
|It is undetermined if the bills provisions are appropriate for an investment by the IMB. More in-depth analysis is required.|