2010 Session

Budget Amendments - SB30 (Conference Report)

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Contingent FY 2011 Salary Bonus (language only)

Item 469 #1c

Item 469 #1c

Central Appropriations
Central Appropriations

Page 333, after line 42, insert:
"Q1.  All employees of the Commonwealth, except elected officials, who were employed on June 30, 2010, shall receive a one-time bonus payment equal to three percent of base pay on December 16, 2010, contingent on general fund revenue collections for fiscal year 2010 exceeding the official fiscal year 2010 revenue estimate contained in the 2010 Acts of Assembly by at least $82,200,000.  If general fund revenue collections for fiscal year 2010 exceed the official revenue estimate by less than $82,200,000, the one-time bonus payment shall be prorated to a percent of base pay for the general fund payroll that equates to the amount of excess revenues collected.
2. Pursuant to the conditions in paragraph Q1 being met, the fiscal year 2011 general fund appropriation shall be increased to effect the one time bonus payment.
3. The Director of the Department of Planning and Budget shall administratively increase nongeneral fund appropriations as required to implement the one-time bonus payment."

(This amendment is self-explanatory.)