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2023 Session

Budget Amendments - HB1400 (Floor Approved)

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Legislative Department Reversion Clearing Account (language only)

Item 37 #1h

Item 37 #1h

Legislative Department
Virginia Commission on Intergovernmental Cooperation

Language

Page 27, after line 13, insert:

"C. On or before June 30, 2023, the Committee on Joint Rules shall authorize a reversion to the general fund of $5,622,307 representing savings generated by legislative agencies in the first year of the 2022-2024 biennium.  The total savings amount includes estimated savings within the following legislative agencies:

Legislative Agency

Estimates Savings - FY 2023

107: Division of Legislative Services

   $940,000

110:  Joint Legislative Audit and Review Commission

   $934,762

839:  Virginia Commission on Youth

     $25,000

844:  Joint Commission on Health Care

     $20,000

961:  Division of Capitol Police

$3,692,545

Total:

$5,622,307"



Explanation

(This amendment adds language to authorize a transfer in the first year of $5,622,307 in general fund balances from legislative branch agencies.)