Item C-39 | First Year - FY2027 | Second Year - FY2028 |
|---|---|---|
| Improvements: Tyler Building Renovation Project (18454) | $0 | $94,000,000 |
| Fund Sources: | ||
| Special | FY2027 $0 | FY2028 $94,000,000 |
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.
B. The SCC shall not increase operational funding rates for any of its regulatory divisions nor the Health Benefit Exchange to generate fund balances for the purposes of this appropriation.