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2010 Session

Budget Bill - HB29 (Introduced)

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Item 3-3.04

Item 3-3.04

§ 3-3.04 Interest Earnings


A. Notwithstanding any other provision of law, the State Comptroller shall not allocate interest earnings to the following agencies and funds in either the first year or the second year of the biennium.  The estimated amount of interest earnings that shall remain in the general fund as a result of this provision is $6,600,000 the first year and $12,000,000 the second year of the biennium.


 

Agency

 

Fund/FinalFund

Agency

Code

Fund Name

Detail

Department of Military Affairs

123

Armory Control Board Fund

0901

Virginia Information Technologies Agency

136

GIS Fund

0905

Virginia Information Technologies Agency

136

Wireless E-911 Fund

0928

Virginia Information Technologies Agency

136

Virginia Technology Infrastructure Fund

0931

Department of Accounts

151

Commonwealth Health Research Fund

0936

Department of Motor Vehicles

154

State Asset Forfeiture Fund

0430

Department of State Police

156

State Asset Forfeiture Fund

0233

Department of State Police

156

Drug Investigation Trust Account-State

0253

Department of Accounts Transfer Payments

162

Edvantage Reserve Fund

0708

Department of Housing and Community Development

165

Derelict Structure Fund

0916

State Corporation Commission

171

Underground Utility Damage prevention Fund

0902

Secretary of Commerce and Trade

192

Governor's Motion Picture Opportunity Fund

0902

Department of General services

194

Main Street Station Property

0922

Department of Conservation and Recreation

199

Soil/Water Conservation District Dam Maintenance Fund

0925

Department of Business Assistance

325

Virginia  Small Business Growth Fund

0957

Marine Resources Commission

402

Forfeited Asset Sharing Program Fund

0265

Department of Forestry

411

Forfeited Asset Sharing Program Fund

0265

Department of Corrections

767

Drug Offender Access Fund

0953

Department of Corrections

799

Drug Offender Access Fund

0953

Department of Accounts-Statewide Activity

997

Drug Offender Access Fund

0953

Department of Corrections

795

Corrections Special Reserve Fund

0230

Department of Corrections

799

DED Impact Funds

0230

Innovative Technology Authority

934

Advanced Communications Assistance Fund

0265

Central Appropriations

995

Commonwealth Technology Research Fund

0951

Department of Alcoholic Beverage Control

999

State Asset Forfeiture Fund

0533

Supreme Court

111

Court Technology Fund

0905

Department of Criminal Justice Services

140

School Resource Officer Incentive Grants Fund

0903

Department of Criminal Justice Services

140

Virginia Domestic Violence Victim Fund

0912

Department of Criminal Justice Services

140

Virginia Crime Victim - Witness Fund

0930

Department of Criminal Justice Services

140

Intensified Drug Enforcement Jurisdictions Fund

0935

Department of Criminal Justice Services

140

Regional Criminal Justice Academy Training Fund

0940

Department of Treasury

152

Workforce Training Access Fund

0901

Department of Housing and Community Development

165

Virginia Manufactured Housing Transaction Recovery Fund

0925

Department of Housing and Community Development

165

Virginia Water Quality Improvement Fund

0934

Charitable Gaming Commission

173

State Asset Forfeiture Fund

0233

Department of Conservation and Recreation

199

Natural Area Preservation Fund

0215

Department of Conservation and Recreation

199

Chesapeake Bay Restoration Fund

0252

Department of Conservation and Recreation

199

Virginia Stormwater Management Fund

0902

Department of Conservation and Recreation

199

Flood Prevention and Protection Assistance Fund

0910

Department of Conservation and Recreation

199

Virginia Land Conservation Fund - Unrestricted

0918

Department of Conservation and Recreation

199

Virginia Water Quality Improvement Fund

0934

Department of Conservation and Recreation

199

Virginia Water Quality Improvement Fund Reserve

0935

Department of Professional and Occupational Regulation

222

Common Interest Community Management Information Fund

0259

Department of Agriculture and Consumer Services

301

Contested Pesticide Penalties

0708

Department of Agriculture and Consumer Services

301

Tobacco Loss Assistance Program Fund

0710

Department of Agriculture and Consumer Services

301

Virginia Farm Loan Revolving Account

0716

Department of Agriculture and Consumer Services

301

Certification of Agricultural Products Trust Fund

0729

Virginia Agricultural Council

307

Dedicated Special Revenue

0900

Chippokes Plantation Farm Foundation

319

Dedicated Special Revenue

0900

Department of Business Assistance

325

Workforce Retraining Fund

0909

Department of Business Assistance

325

Small Business Environmental Compliance Assistance Fund

0930

Marine Resources Commission

402

Marine Habitat and Waterways Improvement Fund

0916

Department of Game and Inland Fisheries

403

Virginia Fish Passage Grant and Revolving Loan Fund

0922

Department of Mines, Minerals and Energy

409

Exxon Oil Overcharge Fund

0738

Department of Mines, Minerals and Energy

409

Coal Surface Mining Reclamation Fund

0753

Department of Mines, Minerals and Energy

409

Gas and Oil Plugging and Restoration Fund

0755

Department of Mines, Minerals and Energy

409

Orphaned Well Fund

0952

Department of Forestry

411

State Forests System Fund

0901

Department of Forestry

411

Virginia's Natural Resources Trust Fund

0909

Department of Forestry

411

Virginia Forest Water Quality Fund

0926

Department of Historic Resources

423

Historic Resources Fund

0910

Department of Historic Resources

423

Preservation Easement Fund

0927

Department of Environmental Quality

440

Operating Permits Program

0510

Department of Environmental Quality

440

Underground Petroleum Storage Tank Fund

0748

Department of Environmental Quality

440

Dupont Shenandoah River Mercury Monitoring

0755

Department of Environmental Quality

440

Waste Tire Trust Fund

0906

Department of Environmental Quality

440

Virginia Environmental Emergency Response Fund

0907

Department of Environmental Quality

440

Air Pollution Permit Program

0909

Department of Environmental Quality

440

Virginia Waste Management Board Permit Program Fund

0911

Department of Environmental Quality

440

State Water Control Board Permit Program Fund

0914

Department of Environmental Quality

440

Marine Habitat and Waterways Improvement Fund

0916

Department of Environmental Quality

440

Vehicle Emissions Inspection Program Fund

0919

Department of Environmental Quality

440

Litter Control and Recycling Fund

0925

Department of Environmental Quality

440

Small Business Environmental Compliance Assistance Fund

0930

Department of Environmental Quality

440

Virginia Water Quality Improvement Fund Reserve

0935

Department of Environmental Quality

440

State Revolving Loan Fund

0964

Motor Vehicle Dealer Board

506

Motor Vehicle Dealer Board Fund

0212

Department of Health

601

Waterworks Technical Assistance Fund

0248

Department of Health

601

Virginia Rescue Squads Assistance Fund

0910

Department of Health

601

Water Supply Assistance Grant Fund

0922

Department of Health

601

Nursing Scholarship and Loan Repayment Fund

0934

Department of Health

601

Medical and Physicans Assistant Scholarship and Loan Repayment Fund

0932

Department of Health

601

Nurse Practitioner Scholarship and Loan Repayment Fund

0936

Department of Health

601

Safe Drinking Water State Revolving Fund

0945

Department of Fire Programs

960

Fire Programs Fund

0218


 


B.  Notwithstanding any other provision of law, for the second through fourth quarters of fiscal year 2010, the State Comptroller shall withhold nongeneral fund interest earnings from the funds that retain such interest, with the exception of funds that are required  to retain interest  by Federal  requirement or Virginia constitution.  The savings to the general fund is an amount estimated at $17,700,000 in the second year.   The Director, Department of Planning and Budget, shall provide the State Comptroller with the designated agency and fund/fund detail codes from which nongeneral fund interest earnings will be withheld.