FY 2021 Budget Implementation Act

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HB 357 creates the FY 2021 Budget Implementation Act to make changes in state programs that are necessary to implement the FY 2021 budget.

As it relates to SURS, HB 357 authorizes the use of money in the State Pensions Fund as part of the annual state contribution to SURS for FY 2021 and extends the lapse period for FY 2020 from August 31, 2020, to December 31, 2020.

HB 357 takes effect immediately upon becoming law.

Representative Gregory Harris and Senator Don Harmon