1998 Session

Budget Amendments - HB30 (Conference Report)

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Lottery Admin. Cost Savings

Item 566 #2c

Item 566 #2c

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 three percent for each of the next two fiscal years. In addition, this amendment captures the savings from these reductions which will result in additional revenue.)