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2023 Session

Budget Amendments - SB800 (Committee Approved)

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Contingent Allocation (language only)

Item 485 #1s

Item 485 #1s

Central Appropriations
Central Appropriations

Language

Page 579, strike lines 25 through 50.

Page 579, after line 24, insert:

"P. 1. When determining the allocation of the fiscal year 2023 year-end balances, the Comptroller shall commit any unobligated general fund balances for the purposes outlined in paragraph 2. below. Such unobligated balances shall be determined after the allocation of balances required to be reserved for Restriction, Commitment, or Assignment as required by the Constitution, the Code of Virginia, or by this Act or any amounts needed for the reappropriation of unspent prior year general fund appropriations approved by the General Assembly. Notwithstanding the provisions of Section 2.2-1514, Code of Virginia, the calculation of such unobligated balances shall be determined prior to the calculation of the amounts to be committed for the purposes of Section 2.2-1514, Code of Virginia.


2. The Comptroller shall allocate any unobligated balances committed pursuant to paragraph 1. above for the following purposes in priority order. Allocation for each of the items listed below shall not be made unless sufficient funds are available to allocate the full amount required for that specific item.


The following items shall be appropriated in fiscal year 2024 from the unobligated balances of fiscal year 2023 pursuant to paragraph 1. above in the following order:


  1. $100,000,000 for additional higher education access and affordability support to public higher education institutions,
  2. $80,000,000 for childcare subsidy grants to the Department of Education for uses pursuant to Item 129 paragraph Q of Chapter 2 of the 2022 Special Session I,
  3. $150,000,000 for a deposit to the Housing Trust Fund,
  4. $250,000,000 for a deposit to the highway share of the Transportation Fund to improve Interstate 81 in the Staunton Area,
  5. $15,200,000 for 500 additional developmental disability waiver slots,
  6. $50,000,000 for Soil and Water Conservation District dam and state owned dam repairs,
  7. $250,000,000 for a lump sum payment to deposit to the Virginia Retirement System to address the unfunded liability for the statewide plans, and
  8. $100,000,000 for allocation to the School Construction Grants Program, Item 137 paragraph C.41 of Chapter 2 of the 2022 Special Session I.

3. Nongeneral funds required to be reported on the 2023 year-end balance sheet shall not be considered or impacted by the calculation of the amounts to be committed pursuant to paragraph 1. above."



Explanation

(This amendment proposes contingent allocations of $995.2 million for eight uses. The funding is from any unobligated balances at the end of FY 2023, after any required deposit by the Constitution, the Code of Virginia, or by this Act and any amount needed to be reappropriated from unspent general fund appropriations is reserved, committed or assigned on the balance sheet. However, these eight allocations will occur before the allocation of any remaining unobligated balance to the Commonwealth Transportation Trust Fund or for non-recurring capital expenditures pursuant to Section 2.2-1514, Code of Virginia.)