2016 Session

Budget Amendments - HB30 (Conference Report)

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Notification of Political Subdivisions in Arrears (language only)

Item 489 #1c

Item 489 #1c

Independent Agencies
Virginia Retirement System


Page 415, after line 39, insert:

"E. The Board of Trustees of the Virginia Retirement System shall provide notification to the Chairmen of the House Appropriations Committee and Senate Finance Committee when a political subdivision becomes more than 60 days in arrears in their contributions to the Virginia Retirement System.  Such notification shall occur within 15 days of when the 60 day period has occurred."  


(This amendment is self-explanatory.)