Central Appropriations (995)
471.40. | Reversion Clearing Account - Miscellaneous (23600) | -40,620,360 | -284,881,274
| | | |
| Fund Sources: | General | -40,620,360 | -284,881,274
|
Authority: Discretionary Inclusion.
A. The Director of the Department of Planning and Budget shall
withhold and transfer to this Item amounts estimated at $46,300,000 the first
year and $23,000,000 the second year from the general fund appropriations included
in this act as described in Paragraphs 1 through 7 of this Paragraph A.
reflecting savings generated by utilizing nongeneral fund resources to offset
general fund expenses and from other actions to reduce spending.
1. In recognition of additional fiscal year 2014 Lottery
Proceeds Funds and Literary Funds, and to accomplish general fund savings
estimated at $43,100,000 the first year, the Department of Planning and Budget
is hereby authorized to transfer amounts to this Item from the general fund appropriation
for Direct Aid to Public Education, Agency 197, Item 136 of this general
appropriation act as follows: a) $26,200,288 from Textbooks, b) $1,899,712 from
Remedial Summer School, and c) $15,000,000 from payment of teacher retirement
costs. There is hereby appropriated $28,100,000 of additional Lottery Fund
proceeds to Direct Aid to Public Education, Agency 197, Item 136, as follows:
a) $26,200,288 for Textbooks, and b) $1,899,712 for Remedial Summer School.
There is hereby appropriated $15,000,000 from additional Literary Fund revenues
to Direct Aid to Public Education, Agency 197, Item 136 of this general
appropriation act for the appropriation set out for the payment of teacher
retirement costs in FY 2015.
2. To accomplish savings estimated at $3,200,000 the first year
and $23,000,000 the second year, the Department of Planning and Budget is
hereby authorized to transfer amounts to this Item from the general fund
appropriation for debt service payments in Item 276 of this general
appropriation act. These savings reflect reduced payment requirements due to
bond refinancings.
3. Notwithstanding the provisions of § 10.1-2128.1 of the Code
of Virginia, to accomplish savings estimated at $1,000,000 the first year and
$1,000,000 the second year, the Department of Planning and Budget is hereby
authorized to transfer amounts to this Item from the nongeneral funds deposited
into the Natural Resources Commitment Fund in Item 357 D.2.
4. On or before June 30, 2015, the Director of the Department of
Planning and Budget shall revert an amount estimated at $151,800,000 to the
general fund from unobligated balances from executive branch agencies.
5. On or before June 30, 2015, the Director of the Department of
Planning and Budget shall revert an amount estimated at $700,000 from Judicial
agency balances.
6. On or before June 30, 2015, the Director of the Department of
Planning and Budget shall revert an amount estimated at $2,850,000 from
legislative agency balances, $500,000 from the House of Delegates, and $500,000
from the Senate of Virginia.
7. On or before June 30, 2015, the Director of the Department of
Planning and Budget shall transfer to the general fund an amount estimated at
$950,000 from balances of the Virginia Alcohol Safety Action Program.
B. Notwithstanding the amounts appropriated in any item in Part
1, appropriation reductions required on the part of agencies to implement the
savings enumerated in this Item are hereby authorized provided that such
actions do not conflict with the provisions of § 4-1.02 of this act.
C. Any nongeneral fund appropriation change or changes in the
appropriation of agency authorized positions required to implement the savings
enumerated in this Item are hereby authorized.
D. Included in this appropriation is $5,679,640 the first year
and $10,118,726 the second year to be transferred by the Director of the
Department of Planning and Budget to Items 39, 40, and 41 to effectuate the
filling of judgeships. The amounts appropriated in this paragraph for each year
of the biennium to effectuate the filling of judgeships shall be the maximum
amounts transferred to Items 39, 40, and 41 for such purposes notwithstanding
any relevant provision to the contrary. In addition, all conditions and
restrictions relating to the filling of judgeships shall be as provided in
Items, 39, 40, and 41.
E.1. For purposes of determining a transfer from the Revenue
Stabilization Fund to the general fund as a result of a downward revision in
general fund revenues, the term "total general fund revenues appropriated"
shall mean the general fund operating and capital appropriations for each year
of the biennium contained in the Appropriation Act which is in effect at the
time when such downward revision in general fund revenues is made.
2. In accordance with Article 10, § 8, Virginia Constitution,
and § 2.2-1830, Code of Virginia, the amount of the transfer shall not exceed
the lesser of one-half of the balance of the Revenue Stabilization Fund or
one-half of the forecasted shortfall in revenues.
3. The anticipated shortfalls in general fund revenues for
fiscal years ending June 30, 2015, and June 30, 2016, shall be computed by
comparing the revised forecast for "Total General Fund Resources Available
for Appropriation" as shown in § 3 of the first enactment to the total
general fund revenues appropriated for each year of the biennium as contained
in the general appropriation act as it became effective on July 1, 2014
(Chapter 2 of the Acts of Assembly of 2014, Special Session I).
4. One-half of the shortfall in revenues is estimated at
$648,650,000, which is more than one-half of the balance in the Revenue
Stabilization Fund as of September 15, 2014. Of this shortfall amount,
$470,000,000 is hereby appropriated in FY 2015, pursuant to § 2.2-1830, Code of
Virginia. Upon completion of the Auditor of Public Accounts' report on
certified tax revenues for FY 2014 pursuant to § 2.2-1829, Code of Virginia,
the State Comptroller shall deposit this sum into the general fund of the state
treasury on or before June 30, 2015.
5. One-half of the balance of the Revenue Stabilization Fund,
estimated at $235,000,000, is hereby appropriated in FY 2016, pursuant to §
2.2-1830, Code of Virginia. Upon completion of the Auditor of Public Accounts'
report on certified tax revenues for FY 2015 pursuant to § 2.2-1829, Code of
Virginia, the State Comptroller shall deposit this sum into the general fund of
the state treasury on or before June 30, 2016.
F. To accomplish savings estimated at $272,000,000 in fiscal
year 2016, the Governor shall develop budget reduction plans and other
strategies for submission to the 2015 General Assembly as part of the
requirements of § 2.2-1509, Code of Virginia. In developing these plans, the
Governor shall take into consideration any further adjustments to the revenues
pursuant to § 2.2-1503, Code of Virginia.
G.1. The Governor is hereby authorized to reallocate up to
$5,000,000 from existing appropriations from programs in the Executive
Department that foster economic development during each year of the current
biennium to enhance economic development efforts in the Commonwealth if he
determines that all or a portion of that amount is needed and better used to
take advantage of the availability of job creation or workforce development
opportunities in order to further diversify and grow the economy of Virginia.
2. At least five days prior to any action to implement the
provisions contained in paragraph 1, the Governor shall submit a notice of his
intended action to the Chairmen of the House Appropriations and Senate Finance
Committees which itemizes the source or sources of such funding and the
specific purposes or uses of any disbursements he intends to authorize pursuant
to the provisions of this item.
H. Pursuant to the provisions of subsection G of § 58.1-638 of the
Code of Virginia, the increase in the portion of the general sales and use tax
revenue required to be deposited into the Highway Maintenance and Operating
Fund in fiscal year 2015, estimated at an additional $49,800,000, shall be
deposited to the Highway Maintenance and Operating Fund in fiscal year 2015.
I. All revenues generated under Chapter 896 of the Acts of Assembly
of 2007 (HB 3202) and Chapter 766 of the Acts of Assembly of 2013 (HB 2313)
that were dedicated to transportation-related funds have been appropriated in
conformity with the requirements of those respective chapters.
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