2018 Special Session I

Budget Amendments - HB5002 (Senate Committee Approved)

Utility Bill Credits (language only)

Item 3-3.02 #1s

Item 3-3.02 #1s

Utility Bill Credits


Page 465, after line 24, insert:


Utility bill credits pursuant to the provisions of Chapter 296, 2018 Session of the General Assembly, in an amount estimated to at $3,400,000 shall accrue to state agencies on or before June 30, 2019. Out of this amount, the Comptroller shall transfer into the Federal Repayment Reserve Fund an amount estimated to be sufficient to pay the federal government in anticipation of a federal repayment. The State Comptroller shall notify the Director, Department of Planning and Budget, of the final federal repayment transfer amount prior to making the transfer into the Federal Repayment Reserve Fund. The Director, Depart of Planning and Budget, and the State Comptroller are authorized to utilize a combination of nongeneral fund cash transfers and general fund appropriation transfers from applicable state agencies in order to recover these rebate amounts to the general fund."


(This amendment reflects the assumed rebate revenue accruing to the Commonwealth for utility payments of state facilities, estimated to be $3.4 million in fiscal year 2019.)