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2026 Session

Budget Amendments - SB30 (Committee Approved)

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SCC - Tyler Building Renovation

Item C-39 #1s

Item C-39 #1s

First Year - FY2027 Second Year - FY2028
Independent Agencies
State Corporation Commission FY2027 $0 FY2028 $94,000,000 NGF

Language
Page 583, line 8, strike "$0" and insert "$94,000,000".

Page 583, strike lines 9 through 13, and insert:

"A. Notwithstanding any provision of law to the contrary, the State Corporation Commission (SCC) may allocate its nongeneral fund balances to fund its capital project as initiated in Item C-79, Chapter 552, 2021 Acts of Assembly, Special Session I. Commonwealth bond financing shall not be authorized to fund any of the project's capital costs. The amounts provided in this Item are in addition to the SCC nongeneral fund appropriation in Chapter 522, 2021 Acts of Assembly, Special Session I. The scope of the project includes the renovation of the Tyler Building and leasing swing space for the SCC during the renovation."



Explanation

(This amendment provides $94.0 million NGF the second year for the State Corporation Commission to renovate the Tyler Building. This would increase the authorized funding to $115.6 million NGF to support replacement of roofing and mechanical systems and interior renovations.)