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2016 Session

Budget Amendments - HB29 (Conference Report)

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Revert NGF Balances (language only)

Item 3-1.01 #6c

Item 3-1.01 #6c

Transfers
Interfund Transfers

Language

Page 215, after line 14, insert:

"AAA. On or before June 30, 2016, the State Comptroller shall transfer to the general fund $500,000 in nongeneral fund cash balances from the Department of Small Business and Supplier Diversity (agency code 350), representing excess balances in the Small Business Investment Grant Fund.

BBB. On or before June 30, 2016, the State Comptroller shall transfer to the general fund $1,000,000 in unobligated nongeneral fund cash balances from the Virginia Workers Compensation Commission (agency code 191)."



Explanation

(This amendment transfers $500,000 in nongeneral fund cash balances from the Small Business Investment Grant Fund and $1.0 million in nongeneral fund cash balances from the Workers Compensation Commission to the general fund.)