Item 290 | First Year - FY2005 | Second Year - FY2006 |
|---|---|---|
| Investment, Trust, and Insurance Services (72500) | $7,387,807 | $7,287,807 |
| Bond Issuance Advisory Services (72501) | FY2005 $864,333 | FY2006 $864,333 |
| Insurance Services (72502) | FY2005 $2,190,287 | FY2006 $2,090,287 |
| Investment Services (72503) | FY2005 $4,333,187 | FY2006 $4,333,187 |
| Fund Sources: | ||
| General | FY2005 $4,807,957 | FY2006 $4,807,957 |
| Special | FY2005 $5,600 | FY2006 $5,600 |
| Commonwealth Transportation | FY2005 $143,454 | FY2006 $143,454 |
| Trust and Agency | FY2005 $2,430,796 | FY2006 $2,330,796 |
Authority: Title 2.2, Chapter 18, Code of Virginia.
A. The Department of the Treasury shall take into account the claims experience of each agency and institution when setting premiums for the general liability program.
B. Out of the amounts for Insurance Services is $100,000 from a nongeneral fund the first year to study the development of a state owner-controlled insurance program for construction projects. However, no allotment of funds shall occur until the actual cost of the study is provided to the Department of Planning and Budget. The State Treasurer shall report the findings of the study to the Secretary of Finance by September 1, 2004.