2012 Special Session I

Budget Amendments - HB1301 (Conference Report)

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Transfer of Firearms Transaction Fee to GF (language only)

Item 3-1.01 #2c

Item 3-1.01 #2c

Interfund Transfers

Page 391, after line 3, insert:
"MM. On or before June 30 each year the State Comptroller shall transfer all amounts, estimated at $939,682 the first year and $939,682 the second year, to the general fund from the fees generated by the Firearms Transaction Program Fund, the Concealed Weapons Program, and the Conservator of the Peace Program pursuant to §§ 18.2-308, 18.2-308.2:2 and 19.2-13, Code of Virginia."

(This amendment provides for the transfer to the general fund of an estimated $939,682 each year from the $2 firearms transaction fee and other related fees. A companion amendment to the revenue page adds this revenue to the general fund. A companion amendment to Item 416 appropriates these funds as general funds to the Department of State Police to operate the firearms transaction program.)