ROBERT L. EHRLICH, JR., Governor                         H.B. 1095

State Retirement and Pension System to be the trustees for the Postretirement
Health Benefits Trust Fund; providing the Board of Trustees with certain
powers, duties and indemnification; authorizing the Board of Trustees to incur
certain investment and administrative expenses with regard to the
Postretirement Health Benefits Trust Fund; providing that the Board of
Trustees is not subject to certain provisions of the State Finance and
Procurement Article for certain purposes; providing that the funds of the
Postretirement Health Funding System Benefits Trust Fund be invested in a
certain manner; providing a certain method for the disbursement of funds from
the Postretirement Health Funding System Benefits Trust Fund; providing for
the transfer of funds from the Postretirement Health Funding System Benefits
Trust Fund to the General Fund under certain circumstances; requiring the
Board of Trustees to prepare a consolidated report on or before a certain date
each year that includes certain information; and generally relating to the
creation of the Postretirement Health Funding System Benefits Trust Fund.

BY repealing and reenacting, with amendments,
Article - State Finance and Procurement
Section 11-203(d)
Annotated Code of Maryland
(2001 Replacement Volume and 2003 Supplement)

BY repealing and reenacting, without amendments,
Article - State Personnel and Pensions
Section 21-102
Annotated Code of Maryland
(1997 Replacement Volume and 2003 Supplement)

BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 21-102 21-123(e)
Annotated Code of Maryland
(1997 Replacement Volume and 2003 Supplement)

BY adding to

Article - State Personnel and Pensions

Section 33-101 to be under the new title "Title 33. Postretirement Health

Funding System Benefits Trust Fund"
Annotated Code of Maryland
(1997 Replacement Volume and 2003 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - State Finance and Procurement

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