Appropriations Contingent on Additional Revenue (language only) (language only)
Item 479.20 #1s
Item 479.20 #1s | | | |
| Central Appropriations |
| Central Appropriations |
Language
Page 579, after line 7, insert:
"1. If within five days of preliminary close of the fiscal year ending June 30, 2021, the Comptroller determines that general fund revenues for fiscal year 2021 exceeded the official forecast, then it is the intent of the General Assembly that the Governor shall allocate such additional revenue to fund the following items in priority order in fiscal year 2022:
Agency - Title |
FY 2022 |
Direct Aid - Fund One Additional SOQ Support Position |
$47,236,642 |
Department of Medical Assistance Services - Increase DD Waiver Provider Rates to Reflect Minimum Wage Impact |
$20,000,000 |
Department of Accounts Transfer Payments - Virginia Retirement System Payment to Increase Actuarial Funding Status |
$200,000,000 |
Total |
$267,236,642 |
2. The Director, Department of Planning and Budget, shall have authority to adjust the general fund appropriations in the second year in the appropriate agencies to reflect items funded as a result of paragraph 1.
3. Should the additional revenue pursuant to paragraph 1 be insufficient to fund all the items listed, then the Governor shall fund those items listed in priority order for which the additional revenue is sufficient to fully fund."
(This amendment provides that any additional revenue for fiscal year 2021 as a result of the higher than forecast general fund revenues in the fiscal year will be used for the listed high priority funding items in fiscal year 2022.)