510#1h (SCC) Level Fund Uninsured Motorists Payments. HB5001 - Committee Approved

State Budget

2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

Bill Order » Item 510 #1h

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Level Fund Uninsured Motorists Payments

Item 510 #1h

Item 510 #1h	First Year - FY2005	Second Year - FY2006
Independent Agencies
State Corporation Commission	FY2005 ($700,000)	FY2006 ($1,400,000)	NGF

Language
Page 382, line 35, strike "$11,300,000" and insert "$10,600,000".
Page 382, line 35, strike "$12,000,000" and insert "$10,600,000".

Explanation
(This amendment directs anticipated increases in revenues generated by the uninsured motorists fee to the general fund. Companion amendment to Part 3 increases transfers to the general fund by $700,000 in the first year and $1.4 million in the second year.)

Item 510

Item 510	First Year - FY2005	Second Year - FY2006
Payments to Insurance Companies (55100)	$11,300,000	$12,000,000
Fund Sources:
Trust and Agency	FY2005 $11,300,000	FY2006 $12,000,000

Authority: Title 38.2, Chapter 30, Code of Virginia.