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2016 Session

Budget Bill - HB29 (Chapter 732)

State Corporation Commission

Item 476

Item 476

First Year - FY2015Second Year - FY2016
Plan Management (40800)$1,200,133$1,200,446
$200,446
Federal Health Benefit Exchange Plan Management (40801)FY2015 $1,200,133FY2016 $1,200,446
$200,446
Fund Sources: 
GeneralFY2015 $1,200,133FY2016 $1,200,446
$200,446

Authority: §§ 38.2-316.1 and 38.2-326, Code of Virginia; §42.18041 c, United States Code.


A. There is hereby appropriated to the State Corporation Commission an amount not to exceed $1,200,133 the first year and $1,200,446 $200,446 the second year from the general fund to pay for the plan management functions authorized in Chapter 670 of the Acts of Assembly of 2013. The commission State Corporation Commission shall reimburse the general fund for the plan management activities performed by the commission, as part of the Federal Health Benefit Exchange, only for those funds that have been reimbursed by the U.S. Department of Health and Human Services for carrying out the plan management activities as part of the Federal Health Benefit Exchange.


B. On or before June 30, 2015 and June 30, 2016, the Director, Department of Planning and Budget shall authorize the reversion to the general fund of $1,200,133 the first year and $1,200,446 the unexpended appropriation from this Item in the second year representing the reimbursement from federal funds received by the State Corporation Commission (commission) for the plan management activities performed by the Ccommission as part of the Federal Health Benefit Exchange as specified in Item 476.10 of Chapter 806, 2013 Acts of Assembly.