2016 Session

Budget Amendments - SB29 (Committee Approved)

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Collections by Local Treasurers (language only)

Item 70 #2s

Item 70 #2s

Compensation Board


Page 16, line 35, after "fee." insert:

"Effective July 1, 2015, as provided in § 19.2-349, Code of Virginia, treasurers not being compensated on a contingency basis as of January 1, 2015 shall be prohibited from being compensated on  a contingency basis but shall instead be compensated for administrative costs pursuant to § 58.1-3958, Code of Virginia.  Treasurers currently collecting a contingency fee shall be eligible to contract on a contingency fee basis.  Effective July 1, 2015, any treasurer collecting a contingency fee shall retain only the expenses of collection, and the excess collection shall be divided between the state and the locality in the same manner as if the collection had been done by the attorney for the Commonwealth.".


(This amendment restores language approved by the 2015 General Assembly and modifies the language to permit treasurers currently collecting on a contingency fee basis to continue to do so. An identical amendment is included in Senate Bill 30 in Item 73.)