Item 472 | First Year - FY2015 | Second Year - FY2016 |
|---|---|---|
| Regulation of Business Practices (55200) | $59,562,955 | $59,295,037 |
| Corporation Commission Clerk's Services (55203) | FY2015 $11,416,068 | FY2016 $10,691,068 |
| Regulation of Investment Companies, Products and Services (55210) | FY2015 $6,954,104 | FY2016 $6,954,104 |
| Regulation of Financial Institutions (55215) | FY2015 $14,416,560 | FY2016 $14,580,440 |
| Regulation of Insurance Industry (55216) | FY2015 $26,776,223 | FY2016 $27,069,425 |
| Fund Sources: | ||
| Special | FY2015 $59,562,955 | FY2016 $59,295,037 |
Authority: Article IX, Constitution of Virginia; Title 8.9A, Part 4; Title 12.1, Chapter 4; Title 13.1; Title 55, Chapter 6, Article 6; Title 56, Chapter 15, Article 5; Title 58.1, Chapter 28; Title 59.1, Chapter 6.1, Code of Virginia; Title 13.1, Chapter 3.1; Title 38.2; Title 58.1, Chapter 25; and Title 65.2, Chapter 8, Code of Virginia.
A. Out of this appropriation, the State Corporation Commission is authorized to expend an amount not to exceed $10,000 the first year and $10,000 the second year for the payment of annual membership dues to the National Conference of Insurance Legislators.
B. Out of this appropriation, $2,713,585 the first year and $2,445,667 the second year is designated for replacement of the Clerk's Information System and business process improvement.