Introduced by Representatives Parent of St. Albans City, Allaire of Rutland City, Allard of St. Albans Town, Baker of West Rutland, Bartlett of Dover, Branagan of Georgia, Clark of Vergennes, Condon of Colchester, Cross of Winooski, Dunsmore of Georgia, Flory of Pittsford, Howrigan of Fairfield, Hube of Londonderry, McAllister of Highgate, McLaughlin of Royalton, Metzger of Milton, Molloy of Arlington, Morrissey of Bennington, Obuchowski of Rockingham, Pillsbury of Brattleboro, Winters of Swanton, Winters of Williamstown and Zuckerman of Burlington
Subject: Military affairs; appropriation; Vermont National Guard service member group life insurance reimbursement fund; creation
Statement of purpose: This bill proposes to create a fund that provides payment to reimburse Vermont National Guard service members while on active duty for life insurance premiums.
AN ACT RELATING TO REIMBURSEMENT TO VERMONT NATIONAL GUARD SERVICE MEMBERS FOR LIFE INSURANCE PREMIUMS
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. 20 V.S.A. § 1607 is added to read:
§ 1607. VERMONT NATIONAL GUARD SERVICE MEMBER GROUP
LIFE INSURANCE REIMBURSEMENT FUND; ESTABLISHED
(a) The Vermont National Guard Service Member Group Life Insurance Reimbursement Fund is established in the state treasury for the purpose of reimbursing Vermont National Guard service members for life insurance premiums paid for the Service Member Group Life Insurance while serving on active duty since September 11, 2001, pursuant to rules adopted by the adjutant general.
(b) The proceeds from grants, donations, contributions, appropriations, and other sources of revenue as may be provided by statute or rule may be deposited in the fund. Interest earned on the fund and any remaining balance shall be retained in the fund. The department shall maintain records indicating the amount of money in the fund at any time.
(c) All monies received by or generated by the fund shall be used for the administration and delivery of reimbursement to Vermont National Guard service members for life insurance premiums paid while serving on active duty pursuant to rules adopted by the state adjutant general.
Sec. 2. APPROPRIATION
There is appropriated from the General Fund in FY 2006 to the Vermont National Guard Service Member Group Life Insurance Reimbursement Fund the amount of $300,000.00 to provide reimbursement for life insurance premiums paid by Vermont National Guard service members while serving on active duty.
The Vermont General Assembly
115 State Street