Item 503 | First Year - FY2003 | Second Year - FY2004 |
|---|---|---|
| Reversion Clearing Account - Miscellaneous (22600) | -$76,347,038 | -$29,219,480 |
| Reversion Clearing Account - Miscellaneous (22600) | FY2003 -$76,347,038 | FY2004 -$29,219,480 |
| Fund Sources: | ||
| General | FY2003 -$76,347,038 | FY2004 -$29,219,480 |
Authority: Discretionary Inclusion.
A. The Director, Department of Planning and Budget, shall withhold from agency appropriations and transfer to this item an amount estimated at $500,000 in each year for savings resulting from the centralization of airline ticket purchasing.
B.1. For FY 2003, contributions to the Virginia Retirement System for state employees shall be based on the actuarially calculated rates resulting from the June 30, 2001, valuation less amounts to be withheld representing adjustments to liabilities to liquidate abandoned accounts pursuant to a study completed by the Board of Trustees of the Virginia Retirement System.
2. For FY 2003, contributions to the Virginia Retirement System for the State Police Retirement System, the Virginia Law Officers Retirement System, the Judicial Retirement System, and public school teachers retirement shall be based on the actuarially calculated rates resulting from the June 30, 2001 valuation.
3.a. The Director, Department of Planning and Budget, shall withhold from agency general fund appropriations and transfer to this Item an amount estimated at $25,792,823 in the first year, representing the savings from the application of the actuarially calculated contribution rates for FY 2003. FY 2003 savings for the application of the actuarially calculated contribution rate for public school teacher retirement are reflected in Items 145, 146, and 147 of this act.
b.1. The Director, Department of Planning and Budget, shall withhold from agency general fund appropriations and transfer to this Item a further amount estimated at $45,748,225 in the first year, representing adjustments to liabilities resulting from the identification and resolution of dormant retirement accounts pursuant to a study completed by the Board of Trustees of the Virginia Retirement System.
b.2. In FY 2003, nongeneral fund amounts estimated at $32,250,333 appropriated for the payment of Virginia Retirement System contributions shall be transferred to the general fund pursuant to § 3-1.01 of this act representing adjustments to liabilities resulting from the identification and resolution of dormant retirement accounts pursuant to a study completed by the Board of Trustees of the Virginia Retirement System. Appropriated funds from federal sources are exempted from this transfer.
4.a. For FY 2004, contributions to the Virginia Retirement System for state employee retirement, the State Police Retirement System, the Virginia Law Officers Retirement System, the Judicial Retirement System, and public school teachers retirement shall be based on the actuarially calculated rates resulting from the June 30, 2001, valuation.
b. The Director, Department of Planning and Budget, shall withhold from agency general fund appropriations and transfer to this Item an amount estimated at $26,914,252 in the second year representing the savings from the application of the actuarially calculated contribution rates for FY 2004. FY 2004 savings for the application of the actuarially calculated contribution rate for public school teacher retirement are reflected in Items 145, 146, and 147 of this act.
5. Nongeneral fund amounts estimated at $7,619,310 the first year, and $7,950,579 the second year, appropriated for the payment of Virginia Retirement System contributions, shall be transferred to the general fund pursuant to § 3-1.01 of this act representing savings from the application of actuarially calculated retirement contribution rates. Appropriated funds from federal sources are exempted from this transfer.
I VETO THIS ITEM /s/ MARK R. WARNER (5/17/02) (Vetoed item is enclosed in brackets.)
[ C.1. No agency of the Commonwealth shall employ, or continue to employ, any person whose position as a policy or administrative assistant is exempt from Title 2.2, Chapter 29, Code of Virginia, the Personnel Act, pursuant to § 2.2-2905.20, Code of Virginia. Persons currently employed in such positions shall be provided four weeks salary as a severance benefit. No such person shall be reemployed in a classified position without first making application for such position in a competitive process open to all qualified individuals.
2. The Governor shall develop position descriptions, including job duties and qualifications, for all chief deputy positions that are exempt from Title 2.2, Chapter 29, Code of Virginia, the Personnel Act, pursuant to § 2.2-2905.20, Code of Virginia.
3. Within 30 days of the appointment of any individual to fill a chief deputy position, as described in paragraph C 2 of this item, the Governor, or his designee, shall report such appointment to the Chairmen of the House and Senate Committees on Privileges and Elections, the House Appropriations Committee, and the Senate Finance Committee. Such report shall include a copy of the position description and a statement describing how the appointee meets the qualifications for the position by virtue of previous experience and/or education.
4. No later than September 1, 2003, the Governor, or his designee, shall file the reports required by paragraph C 3 of this item as they apply to incumbents in such positions on July 1, 2002. ]
D. 1. The Director, Department of Planning and Budget, shall withhold from agency general fund appropriations and transfer to this Item an amount estimated at $2,611,488 in the first year, representing the general fund share of agency and institution costs for the use of a statewide electronic procurement system. The amounts available in this Item shall be transferred as needed with the approval of the Director, Department of Planning and Budget, to the electronic procurement account established by the Department of General Services.
2. In the case of an agency or institution which is not executing the majority of its procurements utilizing the electronic procurement system, the Director, Department of Planning and Budget, may withhold from such agency or institution's general fund appropriations in the second year a pro rata charge for its share of maintaining the statewide system. Any such assessment shall be transferred to this Item and then subsequently transferred as needed with the approval of the Director, Department of Planning and Budget to the electronic procurement account established by the Department of General Services.
3. These sums shall be used for developing and implementing a statewide electronic procurement system.
E. The Director, Department of Planning and Budget, shall withhold from agency general fund appropriations and transfer to this Item an amount estimated at $1,694,502 the first year and $1,805,228 the second year representing savings resulting from the reduction in rental rates for agencies located in the Capitol Square complex. Associated nongeneral fund savings estimated at $ 522,211 the first year and $ 556,329 the second year, shall be transferred to the general fund pursuant to § 3-1.01 of this act. The Department of General Services shall reimburse state agencies for their share of the first year sum in the event that such state agencies have paid their yearly rent in full.