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2016 Session

Budget Bill - SB30 (Introduced)

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State Corporation Commission

Item 479

Item 479

First Year - FY2017Second Year - FY2018
Regulation of Business Practices (55200)$62,405,897$62,409,235
Corporation Commission Clerk's Services (55203)FY2017 $11,977,276FY2018 $11,977,954
Regulation of Investment Companies, Products and Services (55210)FY2017 $7,360,191FY2018 $7,360,574
Regulation of Financial Institutions (55215)FY2017 $15,410,623FY2018 $15,411,285
Regulation of Insurance Industry (55216)FY2017 $27,657,807FY2018 $27,659,422
Fund Sources: 
SpecialFY2017 $62,405,897FY2018 $62,409,235

Authority: Article IX, Constitution of Virginia; Title 8.9A, Part 4; Title 12.1, Chapter 4; Title 13.1; Title 55, Chapter 6, Article 6; Title 56, Chapter 15, Article 5; Title 58.1, Chapter 28; Title 59.1, Chapter 6.1, Code of Virginia; Title 13.1, Chapter 3.1; Title 38.2; Title 58.1, Chapter 25; and Title 65.2, Chapter 8, Code of Virginia.


A. Out of this appropriation, the State Corporation Commission is authorized to expend an amount not to exceed $10,000 the first year and $10,000 the second year for the payment of annual membership dues to the National Conference of Insurance Legislators.


B. Out of this appropriation, $3,000,000 the first year and $3,000,000 the second year is designated for replacement of the Clerk's Information System.