2001 Session

Budget Bill - HB1600 (Introduced)

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Department of the Treasury

Item 286

Item 286

First Year - FY2001Second Year - FY2002
Investment, Trust, and Insurance Services (72500)$6,906,683
Bond Issuance Advisory Services (72501)FY2001 $698,317
FY2002 $699,039
Insurance Services (72502)FY2001 $3,117,237FY2002 $3,118,504
Investment Services (72503)FY2001 $3,091,129FY2002 $3,091,990
Fund Sources:  
GeneralFY2001 $3,605,836
FY2002 $3,607,277
Commonwealth TransportationFY2001 $199,100FY2002 $242,263
Trust and AgencyFY2001 $3,300,847FY2002 $3,302,256

Authority: Title 2.1, Chapter 14, Article 2, Code of Virginia.

A. The Department of the Treasury shall take into account the claims experience of each agency and institution when setting premiums for the general liability program.

B. The Department of the Treasury shall report to the Governor and the Chairmen of the House Appropriations and Senate Finance Committees by September 1 its recommended general liability rates for state agencies during the following fiscal year. This report shall also include the basis for the department's recommendation.

C. In order to provide support for third-party consultant or legal services for transportation financing proposals, the Department of Transportation shall transfer to the Department of the Treasury appropriate funding for such services, as necessary.