Ruffin Claims Bill

Item 290 #2c

Language
Page 216, line 33, strike "$7,387,807" and insert "$8,238,157".
Page 216, after line 54, insert:
"C.1  Out of the amounts appropriated for Insurance Services, there shall be paid for the relief of Julius Earl Ruffin from the general fund, upon execution of a release of all present and future claims he may have against (i) the Commonwealth or any instrumentality, officer, employee, or political subdivision thereof, (ii) any legal counsel appointed pursuant to § 19.2-159, Code of Virginia, and (iii) all other parties of interest, (a) the sum of $325,000 to be paid to Julius Earl Ruffin on or before August 1, 2004, by check issued by the State Treasurer on warrant of the Comptroller and (b) the sum of $525,350 to purchase an annuity for the primary benefit of Julius Earl Ruffin providing for equal monthly payments for a period of 30 years commencing on or before September 1, 2004.
2.  The State Treasurer shall purchase the annuity for Julius Earl Ruffin at the lowest cost available from any A+ rated company, including any A+ rated company from which the State Lottery Department may purchase an annuity.  Such annuity shall contain beneficiary provisions providing for the annuity's continued disbursement in the event of the death of Julius Earl Ruffin."

Explanation
(This amendment provides $850,350 in general fund support to the Department of the Treasury's Division of Risk Management for the compensation of Julius Earl Ruffin. Mr. Ruffin served 21 years in prison for a crime he did not commit. The total compensation included in this amendment includes a lump sum payment of $325,000 and $525,350 for the purchase of a 30-year annuity making payments totaling $900,000.)