1999 Session

Budget Amendments - SB800 (Conference Report)

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Energy Efficiency Fund Switch

Item C-6.10 #1c

Item C-6.10 #1c

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Capital Outlay FY1999 $0 FY2000 ($1,000,000) NGF

Page 466, line 16, strike "$2,000,000" and insert "$1,000,000".
Page 466, line 43, strike "2,000,000" and insert "1,000,000"
Page 466, after line 56, insert:
"D. In addition to the amounts otherwise provided for in this item, after reserving the amounts required pursuant to Item 547.1 of this act, the Director, Department of Planning and Budget, is authorized to withhold from agency appropriations in the second year up to $1,000,000 which may be expended for the purposes described in this item.  The withholding of such amount shall be based on an estimate and analysis of agency savings which are expected to accrue as a result of electrical utility rate reductions effective March 1, 1999."

(This amendment, and a companion amendment, reallocates a portion of the Virginia Power refund as a result of rate reductions to the general fund, and authorizes the DPB Director to earmark a like amount from agency balances based on additional rate reductions scheduled for March 1, 1999.)