PRINTER'S NO. 1705
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1149
Session of
2015
INTRODUCED BY FRANKEL, DERMODY, HANNA, GOODMAN, YOUNGBLOOD,
STURLA, MARKOSEK, FABRIZIO, SCHREIBER, COHEN, BROWNLEE,
PASHINSKI, KINSEY, DEAN, M. DALEY, WATERS, McNEILL, DeLISSIO,
DAVIDSON, C. PARKER, THOMAS, O'BRIEN AND ROEBUCK,
JUNE 5, 2015
REFERRED TO COMMITTEE ON STATE GOVERNMENT, JUNE 5, 2015
AN ACT
Providing for the Public School Employees' Retirement System
Reform Act, for payment of the Commonwealth's public school
employees' retirement code contributions; establishing the
Public School Employees' Retirement Contribution Restricted
Account; imposing duties on the Public School Employees'
Retirement Board; imposing duties on the Secretary of the
Budget; imposing duties on the Department of Revenue; making
an appropriation; providing for bond issuance, for criteria
for bond issuance, for issuance of bond and security, for
sale of bonds, for use of bond proceeds, for payment of bond-
related obligations, for Commonwealth not to impair bond-
related obligations, for no personal liability and for
expiration of authority to issue bonds; establishing the
Public School Employees' Retirement Debt Service and Sinking
Account; imposing a duty on the Pennsylvania Liquor Control
Board; providing for a certification of amounts payable from
account and for school district assistance for fiscal year
2016-2017; and making a repeal.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
CHAPTER 1
GENERAL PROVISIONS
Section 101. Short title.
This act shall be known and may be cited as the Public School
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24