484#1h (VRS) VRS - Administrative Funding Pursuant to HB 877. HB30 - Committee Approved

State Budget

2014 Session

Budget Amendments - HB30 (Committee Approved)

Bill Order » Item 484 #1h

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VRS - Administrative Funding Pursuant to HB 877

Item 484 #1h

Item 484 #1h	First Year - FY2015	Second Year - FY2016
Independent Agencies
Virginia Retirement System	FY2015 $236,550	FY2016 $0	NGF

Language
Page 417, line 4, strike "$28,883,424" and insert "$29,119,974".

Explanation
(This amendment provides $236,550 from the nongeneral fund in fiscal year 2015 for one-time administrative costs that will be incurred by the VRS pursuant to the passage of House Bill 877 of the 2014 General Assembly Session.)

Item 484

Item 484	First Year - FY2015	Second Year - FY2016
Administrative and Support Services (79900)	$28,883,424	$28,759,424
General Management and Direction (79901)	FY2015 $15,651,563	FY2016 $15,651,563
Information Technology Services (79902)	FY2015 $13,231,861	FY2016 $13,107,861
Fund Sources:
Trust and Agency	FY2015 $28,883,424	FY2016 $28,759,424

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.