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2002 Session

Budget Amendments - HB29 (Committee Approved)

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Executive Management Savings - Virginia College Savings Plan (language only)

Item 3-1.01 #19s

Item 3-1.01 #19s

Transfers
Interfund Transfers

Language
Page 527, after line 30, insert:
"GG. Prior to June 30, 2002, the State Comptroller shall transfer from nongeneral fund accounts of the Virginia College Savings Plan an amount estimated at $111,448 representing savings resulting from 3 percent reductions in administrative expenses of the State Lottery Department for fiscal year 2002."


Explanation
(This amendment captures administrative budget savings of 3% in FY 2002 from the Virginia College Savings Plan.)