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2006 SESSION
(SB433)AMENDMENT(S) PROPOSED BY THE SENATE
FINANCE
1. Line 342, substitute, after 2.
strike
remainder of line 342 and all of lines 343 through 350
insert
The Compensation Board shall pay the Virginia Information Technologies Agency from funds collected pursuant to subsection B of § 17.1-279 of the Technology Trust Fund for the development of security standards pursuant to subsection D of § 17.1-279 and uniform standards for the electronic recording of land record documents in an amount not to exceed $50,000. If the Virginia Information Technologies Agency is requested to make further revisions of the standards that govern the creation, access, maintenance, and filing of land records and documents electronically, the Virginia Information Technologies Agency shall submit to the Compensation Board a project budget and obtain approval of the same, prior to commencement of the work, to be billed in accordance with the required procedures for the Virginia Information Technologies Agency to bill other agencies for its services.