2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: McPike
Retirement Systems Divestment from Fossil Fuel Companies

Item 500 #2s

Item 500 #2s

First Year - FY2023 Second Year - FY2024
Independent Agencies
Virginia Retirement System FY2023 $50,000 FY2024 $50,000 GF

Page 520, line 13, strike "$53,480,079" and insert "$53,530,079".
Page 520, line 13, strike "$56,098,179" and insert "$56,148,179".


(This amendment provides $50,000 GF each year as a placeholder pending a fiscal impact statement associated with SB 213 of the 2022 General Assembly, contingent on its final passage, which requires state and local retirement systems to divest from fossil fuel companies by January 1, 2027.)