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2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Mullin
HB 1966: Penalties for Failure to Pay in Timely Manner

Item 503 #4h

Item 503 #4h

First Year - FY2023 Second Year - FY2024
Independent Agencies
Virginia Workers' Compensation Commission FY2023 $0 FY2024 $50,000 NGF

Language
Page 600, line 45, strike "$15,436,132" and insert "$15,486,132".


Explanation

(This amendment provides $50,000 from the nongeneral fund in fiscal year 2024 to fund the administrative impact of House Bill 1966 which imposes penalties for failure to pay compensation under Workers Compensation in a Timely manner. The funding amount included in the request is a placeholder until a detailed estimate is finalized.)