Item 547.10 (Not set out) | First Year - FY1999 | Second Year - FY2000 |
---|---|---|
Reversion Clearing Account - Miscellaneous (22600) | -$18,032,483 | -$29,788,406 |
Fund Sources: | ||
General | FY1999 -$18,032,483 | FY2000 -$29,788,406 |
Authority: Discretionary Inclusion.
A. For fiscal year 1999 and fiscal year 2000, state and local members of the Virginia Retirement System participating in the group life insurance program will not be required to make group life insurance contributions. The Director of the Department of Planning and Budget shall withhold from agency appropriations amounts appropriated from the general fund for group life insurance contributions. These amounts, estimated to be $14,782,435 the first year and $15,053,894 the second year, shall be transferred to this Item.
B. The Director of the Department of Planning and Budget shall withhold from agency appropriations and transfer to this Item an amount estimated at $797,430 the first year and $790,794 the second year for statewide reductions in personnel costs resulting from a delay in implementing changes made to the contribution rates to the Virginia Retirement System.
C. The Director of the Department of Information Technology shall take all necessary action and shall provide information to the Director of the Department of Planning and Budget to withhold from agency appropriations such general and nongeneral fund amounts for computer services and telecommunications services in excess of the amounts required as a result of a rate reduction effective January 1998. The general fund reduction, estimated at $902,377 the first year and $937,388 the second year, shall be transferred to this Item. The nongeneral fund amount, estimated at $757,774 the first year and $767,758 the second year, shall be transferred to the general fund pursuant to the provisions of § 3-1.01 X of this act. All funds from institutions of higher education, the Virginia Retirement System, and federal sources are excluded from these transfers.
D. For fiscal year 2000, state agencies and institutions of higher education will not be required to make automobile liability premium payments to the Department of General Services. The Director of the Department of Planning and Budget shall withhold from agency appropriations amounts appropriated from the general fund, estimated at $1,207,116, and transfer these amounts to this Item. The nongeneral fund amounts, estimated at $1,159,876, shall be transferred to the general fund pursuant to § 3-1.01 CC of this act. All funds from federal sources are excluded from these transfers.
E. The Director of the Department of Planning and Budget shall unallot the general fund appropriation in the first year of the Department of Housing and Community Development in the amount of $83,705 from the unobligated balances of the Defense Conversion Fund and the Business Modernization Fund. The amount shall be transferred to this Item.
F. For semimonthly pay periods payable on May 1, May 16, June 1, and June 16, 1999, or their equivalent under other alternative pay schedules, and for FY 2000, state agencies and institutions will not be required to make premium payments to the Virginia Retirement System for the state employees retiree health care credit. The Director of the Department of Planning and Budget shall withhold from agency appropriations amounts appropriated from the general fund, estimated at $1,466,536 the first year and $8,799,214 the second year, and transfer these amounts to this Item.
G.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.