2014 Session

Budget Amendments - HB29 (Committee Approved)

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Adjust Revenues to Virginia Health Care Fund

Item 307 #3h

Item 307 #3h

First Year - FY2013 Second Year - FY2014
Health and Human Resources
Behavioral Health and Developmental Services, Department of FY2013 $0 FY2014 ($777,748) GF
FY2013 $0 FY2014 $777,748 NGF

Page 139, line 12, strike "$461,105,474" and insert "$461,883,222".

(This amendment reduces the general fund appropriation for Medicaid by $777,748 in fiscal year 2014 and increases a like amount of nongeneral funds, reflecting increased revenues to the Virginia Health Care Fund (VHCF). Because revenues to the fund have historically been used as the state share of Medicaid, additional revenue results in an equal amount of general fund savings. Current estimates of Virginia's share of the tobacco Master Settlement Agreement indicate that Virginia will receive slightly more revenue than was assumed in the introduced budget. This additional revenue, which is deposited into the Virginia Health Care Fund, allows for a reduction in general fund appropriations for the state's share of Medicaid funding.)