1996 Session

Budget Bill - HB30 (Introduced)

Virginia Retirement System

Item 550

Item 550

First Year - FY1997Second Year - FY1998
Investment, Trust, and Insurance Services (72500)$5,005,872$5,115,867
Trust Services (72504)FY1997 $5,005,872FY1998 $5,115,867
Fund Sources:  
Trust and AgencyFY1997 $5,005,872FY1998 $5,115,867

Authority: Title 51.1, Chapters 1, 2, and 3, Code of Virginia.

The procurement of services by the Virginia Retirement System related to the management of authorized investments, including but not limited to actuarial services and services related to disability determination, shall be governed by the standards set forth in §51.1-116, Code of Virginia and shall not be subject to the provisions of Chapter 7 (§11-35 et seq.) of Title 11 of the Code.