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2002 Session

Budget Amendments - SB29 (Committee Approved)

Executive Management Savings - Virginia College Savings Plan

Item 565.10 #1s

Item 565.10 #1s

First Year - FY2001 Second Year - FY2002
Independent Agencies
Virginia College Savings Plan FY2001 $0 FY2002 ($111,448) NGF

Language
Page 454, following line 42, insert:
Savings from Management Actions (71301).................... $0    ($111,448)
Fund Sources: Dedicated Special Revenue....................$0   ($111,448)
Authority:  Discretionary Inclusion"


Explanation
(This amendment reduces the administrative budget for the Virginia College Savings Plan by 3% the second year. A companion amendment in Part 3 transfers these savings to the general fund.)