1998 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Lottery Admin. Cost Savings

Item 566 #2h

Item 566 #2h

First Year - FY1999 Second Year - FY2000
Independent Agencies
Lottery Department, State FY1999 ($2,342,000) FY2000 ($641,000) NGF

Page 333, line 22, strike "$69,220,828" and insert "$66,878,828".
Page 333, line 22, strike "$69,309,981" and insert "$68,668,981".
Page 334, after line 43, insert:
"H.  The State Lottery Department shall deposit to the general fund, for expenditure upon appropriation as otherwise provided by law, an amount estimated at $3,379,000 the first year and $2,983,000 the second year, which shall be realized through administrative cost efficiencies and executive management savings."

(This amendment, along with a companion amendment to House Bill 29, reduces appropriations to the Virginia State Lottery, to hold administrative expenditure growth to 3% for each of the next two fiscal years. In addition, this amendment captures the savings from these reductions which will result in additional revenue.)