HB 1890 & SB 942 - VRS Streamline Purchase of Service

Item 484 #1c

Language
Page 463, line 31, strike "$28,759,424" and insert "$29,311,924".

Explanation
(This amendment provides $552,500 from the nongeneral fund in administrative funding for the VRS to implement the provisions of House Bill 1890 and Senate Bill 942 of the 2015 General Assembly session which streamlines the purchase of prior year service. Long run savings from the streamlining is expected to be substantially more than the $552,500 up front cost.)