1999 Session

Budget Amendments - SB800 (Conference Report)

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GF for Individual Development Accounts

Item 404 #4c

Item 404 #4c

First Year - FY1999 Second Year - FY2000
Health And Human Resources
Social Services, Department of FY1999 $500,000 FY2000 $0 GF
FY1999 ($500,000) FY2000 $0 NGF

Page 310, line 23, after "$500,000", insert "from the general fund".
Page 310, strike line 24.
Page 310, line 2
5, strike "Needy Families block grant".
Page 311, line 29, after "program", insert "and other TANF-eligible persons".

(This amendment changes the funding source for the Individual Development Accounts (IDA) demonstration project from the federal Temporary Assistance for Needy Families (TANF) block grant on welfare reform to general fund appropriations. A companion amendment in Item 399 for welfare payments provides offsetting increases in TANF funds and reductions in general fund appropriations, so there is no net additional cost to the TANF block grant or general fund. Virginia would have additional flexibility in administering IDAs when supported by the general fund rather than by TANF funds. Eligibility for the program would be broadened to include persons who have low enough incomes to receive welfare payments, not just to those who actually receive welfare payments. With this definition of eligibility, the program is expected to count toward the state match requirement for the federal TANF grant.)