Page:United States Statutes at Large Volume 111 Part 1.djvu/739

 PUBLIC LAW 105-33—AUG. 5, 1997 111 STAT. 715 Sec. 11509. Conforming amendment. Subtitle G—District of Columbia Government Budget Sec. 11601. Elimination of the annual Federal payment to the District of Columbia. Sec. 11602. Requirement that the District of Columbia balance its budget in FY 1998. Sec. 11603. Permitting expedited submission and approval of consensus budget and financial [jlan. Sec. 11604. Increase in maximum amount of permitted District borrowing. Subtitle H—Miscellaneous Provisions CHAPTER 1—REGULATORY REFORM IN THE DISTRICT OF COLUMBIA Sec. 11701. Review and revision of regulations and permit and application processes. Sec. 11702. Repeal of Clean Air Compliance Fee Act of 1994. Sec. 11703. Repeal requirement for Congressional authorization of certain mergers involving District of Columbia public utility corporations. Sec. 11704. Exemption of certain contracts from Council review. CHAPTER 2—OTHER MISCELLANEOUS PROVISIONS Sec. 11711. Revisions to Financial Responsibility and Management Assistance Act. Sec. 11712. Cooperative agreements between Federal agencies and Metropolitan Police Department. Sec. 11713. Permitting garnishment of wages of officers and employees of District of Columbia government. Sec. 11714. Permitting excess appropriations by Water and Sewer Authority for capital projects. Sec. 11715. Requiring certain Federal officials to provide notice before carrying out activities affecting real property located in District of Columbia. Sec. 11716. Repeal term of deed of conveyance to certain hospital. Sec. 11717. Short title of Home Rule Act. CHAPTER 3—EFFECTIVE DATE; GENERAL PROVISIONS Sec. 11721. Effective date. Sec. 11722. Technical assistance. Sec. 11723. Liability. Subtitle A—District of Columbia Retirement Funds CHAPTER 1—SHORT TITLE; FINDINGS; DEFINITIONS 'District of Columbia Retire- SEC. 11001. SHORT TITLE. This subtitle may be cited as the ment Protection Act of 1997". SEC. 11002. FINDINGS AND DECLARATION OF POLICY. (a) FINDINGS. — The Congress finds that— (1) State and municipal retirement programs should be funded on an actuarially sound basis; (2) the retirement programs for the police officers and firefighters, teachers and judges of the District of Columbia had significant unfunded liabilities totaling approximately $1,900,000,000 when the Federal government transferred those programs to the District of Columbia, and those liabilities have since increased to nearly $4,800,000,000, an increase which is almost entirely attributable to the accumulation of interest on the value which existed at the time of transfer; (3) the District of Columbia has fully met its financial obligations under the District of Columbia Retirement Reform Act of 1979 (Public Law 96-122); (4) the growth of the unfunded liabilities of the three pension funds listed above did not occur because of any action District of Columbia Retirement Protection Act of 1997.

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