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2002 SESSION

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SB 124 University of Virginia Medical Center; credit for imputed interest.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

University of Virginia Medical Center; credit for imputed interest. Authorizes the State Comptroller, subject to conditions in the Budget Bill, to credit on a monthly basis, to the nongeneral fund operating cash balances of the University of Virginia Medical Center, the imputed interest earned by the investment of such nongeneral fund operating cash balances, including, but not limited to, those balances derived from patient care revenues on deposit with the State Treasurer.

SUMMARY AS PASSED SENATE:

University of Virginia Medical Center; credit for imputed interest. Authorizes the State Comptroller to credit, on a monthly basis, to the nongeneral fund operating cash balances of the University of Virginia Medical Center, the imputed interest earned by the investment of such nongeneral fund operating cash balances, including, but not limited to, those balances derived from patient care revenues on deposit with the State Treasurer.

SUMMARY AS INTRODUCED:

University of Virginia Medical Center; credit for imputed interest. Allows the University of Virginia Medical Center to retain the imputed interest earned by the investment of its nongeneral fund operating cash balances.