2007 Session

Budget Amendments - HB1650 (Member Request)

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Chief Patron: Putney
VRS Funding for Cost of JLARC study of Employee Compensation

Item 475 #1h

Item 475 #1h

First Year - FY2007 Second Year - FY2008
Independent Agencies
Virginia Retirement System FY2007 $0 FY2008 $415,000 NGF

Page 512, line 29, strike "$23,129,963" and insert "$23,544,963".
Page 512, after line 43, insert:
"B.  Out of the amounts appropriated in this item, the Director is authorized to reimburse the Joint Legislative Audit and Review Commission (JLARC) up to $415,000 the second year for the contractual services cost incurred in the review the benefit programs administered by the Virginia Retirement System as part of JLARC's study of  state employee compensation."

(This amendment provides authority for VRS to reimburse JLARC for the cost of contractual services in support of the JLARC study of state employee compensation. The study and reported must be submitted by October 30, 2008.)