2020 Session

Budget Amendments - HB30 (Floor Approved)

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Administrative Funding for VRS to Enact Legislation

Item 494 #1h

Item 494 #1h

First Year - FY2021 Second Year - FY2022
Independent Agencies
Virginia Retirement System FY2021 $785,000 FY2022 $106,000 NGF

Page 475, line 41, strike "$47,024,647" and insert "$47,809,647".
Page 475, line 41, strike "$46,664,856" and insert "$46,770,856".


(This amendment provides administrative funding for the VRS to implement the provisions of House Bill 1495 of the 2020 General Assembly session. A companion amendment in House Bill 29 provides $700,000 for the VRS to begin the work needed to implement this and other legislation enacted in the 2020 General Assembly session.)