1999 Session

Budget Amendments - SB800 (Conference Report)

Va. Power Rate Reduction

Item 547.1 #4c

Item 547.1 #4c

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Appropriations FY1999 $0 FY2000 ($3,000,000) GF

Page 430, line 21, strike "($17,989,192)" and insert "($20,989,192)".
Page 431, after line 13, insert:
"E.1.  The Director of the Department of Planning and Budget shall withhold from agency appropriations amounts appropriated from the general fund for electric utilities, estimated at $3,000,000 the second year.
  2.  The
Director of the Department of Planning and Budget shall transfer amounts withheld from agency general fund appropriations for the above purpose to this Item.
  3.  Notwithstanding any other provision of law, the State Comptroller shall transfer to the general fund of the state treasury amounts from nongeneral fund accounts as determined by the Department of Planning and Budget, other than federal funds and auxiliary enterprise funds in the institutions of higher education, to accomplish the savings required by this paragraph."

(This amendment captures the general fund savings estimated at $3.0 million the second year from a Virginia Power rate reduction.)