485#1c (VRS) VRS Administrative Funding for HB 1189/SB 232. HB30 - Conference Report

State Budget

2010 Session

Budget Amendments - HB30 (Conference Report)

Bill Order » Item 485 #1c

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VRS Administrative Funding for HB 1189/SB 232

Item 485 #1c

Item 485 #1c	First Year - FY2011	Second Year - FY2012
Independent Agencies
Virginia Retirement System	FY2011 $234,500	FY2012 $0	NGF

Language
Page 341, line 37, strike "$30,889,339" and insert "$31,123,839".

Explanation
(This amendment provides $234,500 from the nongeneral fund in administrative funding in the first year for the Virginia Retirement System to reflect additional expenses which will be incurred pursuant to the passage of House Bill 1189 and Senate Bill 232 of the 2010 General Assembly session.)

Item 485

Item 485	First Year - FY2011	Second Year - FY2012
Administrative and Support Services (79900)	$30,889,339	$25,026,014
General Management and Direction (79901)	FY2011 $23,251,061	FY2012 $23,251,061
Information Technology Services (79902)	FY2011 $7,638,278	FY2012 $1,774,953
Fund Sources:
Trust and Agency	FY2011 $30,889,339	FY2012 $25,026,014

Authority: Title 51.1, Chapters 1, 2, 2.1, and 3, Code of Virginia.

Out of the amounts appropriated to this Item, the Director is authorized to expend an amount not to exceed $25,000 the first year and $25,000 the second year for expenses commonly borne by business enterprises. Such expenses shall be recorded separately by the agency.