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2002 Session

Budget Amendments - SB30 (Conference Report)

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NGF From VSDP Rate Adjustment (language only)

Item 3-1.01 #39c

Item 3-1.01 #39c

Transfers
Interfund Transfers

Language
Page 419, after line 24, insert:
"AA. Prior to June 20, 2003, the State Comptroller shall transfer from agency nongeneral fund accounts an amount estimated at $1,697,000 for the suspension of a  portion of the employer's contribution rate for the sickness and disability program for fiscal year 2003.  Prior to June 20, 2004, the State Comptroller shall transfer from agency nongeneral fund accounts an amount estimated at $1,770,789 for the suspension of a portion of the employer's contribution rate for the sickness and disability program for fiscal year 2004. Appropriated funds from federal sources are exempt from this transfer."


Explanation
(This amendment captures nongeneral fund savings from a reduction in the employer contribution rate for the sickness and disability program.)