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2002 Session

Budget Amendments - HB30 (Committee Approved)

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Special Unemployment Compensation Administration Fund (language only)

Item 3-1.01 #33h

Item 3-1.01 #33h

Transfers
Interfund Transfers

Language
Page 419, after line 24, insert:
"AA.  On or before June 30, 2003, the State Comptroller shall transfer to the general fund $100,000 from the Special Unemployment Compensation Administration Fund at the Virginia Employment Commission."


Explanation
(This amendment transfers $100,000 of nongeneral funds to the general fund. Revenues for the Special Unemployment Compensation Administration Fund are derived from penalties, fees and bad check charges and not from federal funds or employer taxes.)