2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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VCSP - Authorize NGF Positions and Funds for Compensation Plan

Item 481 #1s

Item 481 #1s

First Year - FY2015 Second Year - FY2016
Independent Agencies
Virginia College Savings Plan FY2015 $1,604,071 FY2016 $1,559,071 NGF
FY2015 10.00 FY2016 10.00 FTE

Page 416, line 7, strike "$9,714,752" and insert "$11,318,823".
Page 416, line 7, strike "$9,714,940" and insert "$11,274,011".

(This amendment provides around $1.6 million NGF and 10.0 NGF positions in each year of the biennium to authorize additional NGF positions due to growth and fund the existing comprehensive compensation plan at the Virginia College Savings Plan (VCSP). Seven positions were authorized in the introduced budget.)