Source: https://budget.lis.virginia.gov/item/2018/1/HB29/introduced/3/3-1.01/
Timestamp: 2019-08-17 22:34:19
Document Index: 401251154

Matched Legal Cases: ['art 3', '§ 4', '§ 4', '§ 58', '§ 58', '§ 58', '§ 18', '§ 3', '§ 17', '§4']

Item 3-1.01 (Interfund Transfers) HB29 - Introduced
Bill Order » Transfers » Part 3: Miscellaneous » Item 3-1.01
$75,731,535
$74,915,400
2.a. Transfers of net profits from the Alcoholic Beverage Control Enterprise Fund to the general fund shall be made four times a year, and such transfers shall be made within fifty (50) days of the close of each quarter. The transfer of fourth quarter profits shall be estimated and made in the month of June. In the event actual net profits are less than the estimate transferred in June, the difference shall be deducted from the net profits of the next quarter and the resulting sum transferred to the general fund. Distributions to localities shall be made within fifty (50) days of the close of each quarter. Net profits are estimated at $108,428,070 the first year and $103,028,070 $104,100,000 the second year.
b. Pursuant to § 4.1-116 B, Code of Virginia, the Department of Alcoholic Beverage Control shall notify the State Comptroller of the amount to be deducted quarterly from the net profits for transfer to the reserve fund established by the cited section. However, § 4.1-116 B. shall not apply if depreciation is expensed directly in order to reduce net profits.
D. The provisions of Chapter 6 of Title 58.1, Code of Virginia notwithstanding, the State Comptroller shall transfer to the general fund from the special fund titled "Collections of Local Sales Taxes" a proportionate share of the costs attributable to increased local sales and use tax compliance efforts, the Property Tax Unit, and State Land Evaluation Advisory Committee (SLEAC) services by the Department of Taxation estimated at $5,921,168 the first year and $5,921,168 $5,986,862 the second year.
E. The State Comptroller shall transfer to the general fund from the Transportation Trust Fund a proportionate share of the costs attributable to increased sales and use tax compliance efforts and revenue forecasting for the Transportation Trust Fund by the Department of Taxation estimated at $2,925,835 the first year and $2,925,835 $2,933,496 the second year.
G.1. The State Comptroller shall transfer to the Lottery Proceeds Fund established pursuant to § 58.1-4022.1, Code of Virginia, an amount estimated at $599,982,144 the first year and $546,495,789 $598,478,473 the second year, from the Virginia Lottery Fund. The transfer each year shall be made in two parts: (1) on or before January 1 of each year, the State Comptroller shall transfer the balance of the Virginia Lottery Fund for the first five months of the fiscal year and (2) thereafter, the transfer will be made on a monthly basis, or until the amount estimated at $599,982,144 the first year and $546,495,789 $598,478,473 the second year has been transferred to the Lottery Proceeds Fund. Prior to June 20 of each year, the Virginia Lottery Director shall estimate the amount of profits in the Virginia Lottery Fund for the month of June and shall notify the State Comptroller so that the estimated profits can be transferred to the Lottery Proceeds Fund prior to June 22.
K.1. Not later than 30 days after the close of each quarter during the biennium, the State Comptroller shall transfer, notwithstanding the allotment specified in § 58.1-1410, Code of Virginia, funds collected pursuant to § 58.1-1402, Code of Virginia, from the general fund to the Game Protection Fund. This transfer shall not exceed $4,700,000 the first year and $4,700,000 $6,300,000 the second year.
O. On or before June 30 each year, the State Comptroller shall transfer to the general fund $5,089,914 the first year and $5,089,914 $3,000,000 the second year from the Court Debt Collection Program Fund at the Department of Taxation.
S. The State Comptroller shall transfer quarterly, one-half of the revenue received pursuant to § 18.2-270.01, of the Code of Virginia, and consistent with the provisions of § 3-6.03 of this act, to the general fund in an amount not to exceed $7,905,000 the first year, and $8,055,000 the second year from the Trauma Center Fund contained in the Department of Health's Financial Assistance for Non Profit Emergency Medical Services Organizations and Localities (40203).
W. On a monthly basis, in the month subsequent to collection, the State Comptroller shall transfer all amounts collected for the fund created pursuant to § 17.1-275.12 of the Code of Virginia, to Items 346, 398, and 423 of this act, for the purposes enumerated in Section 17.1-275.12.
X. On or before June 30 each year, the State Comptroller shall transfer $10,368,587 the first year and $10,518,587 the second year to the general fund from the $2.00 increase in the annual vehicle registration fee from the special emergency medical services fund contained in the Department of Health's Emergency Medical Services Program (40200).
Y. The provisions of Chapter 6.2, Title 58.1, Code of Virginia, notwithstanding, on or before June 30 each year the State Comptroller shall transfer to the general fund from the proceeds of the Virginia Communications Sales and Use Tax (fund 0926), the Department of Taxation's indirect costs of administering this tax estimated at $111,101 the first year and $111,101 $106,451 the second year.
BB. On or before June 30, of each fiscal year, the State Comptroller shall transfer to the State Health Insurance Fund (Fund 0620 06200) the balance from the Special Fund (Fund 0200) Administration of Health Benefits Services Fund (Fund 06220) at the Department of Human Resource Management. The balance in the Department of Human Resource's Special Fund represents a portion of the payments deposited into the State Health Insurance Fund used to pay the state health insurance program's administrative expenses.
HH. The transfer of excess amounts in the Regulatory, Consumer Advocacy, Litigation, and Enforcement Revolving Trust Fund to the general fund pursuant to Item 61 of this act is estimated at $1,400,000 the first year and $20,431,999 the second year resulting from anticipated proceeds from various settlements. It is hereby acknowledged that $19,931,999 in transfers assumed in the second year in Chapter 836 were made in the first year and are included in the beginning General Fund balance for the second year.
II.1. On or before June 30 each year, the State Comptroller shall transfer $11,951,845 the first year and $3,758,423 the second year to the general fund from agency nongeneral funds, as detailed below, to fund a portion of the nongeneral share of costs for the expedited repayment of deferred contributions to the Virginia Retirement System authorized in Chapter 732, 2016 Acts of Assembly.
$11,951,845
$3,758,423
3. On or before June 30 each year, the State Comptroller shall transfer $26,064,305 the first year and $17,376,204 the second year to the general fund the following amounts from the agencies and funds listed below, to fund a portion of the nongeneral share of costs for the expedited repayment of deferred contributions to the Virginia Retirement System authorized in Chapter 732, 2016 Acts of Assembly. Agencies may determine the appropriate fund detail amount within each fund.
$390,307
College of William and Mary (204)
$680,630
$1,935,422
$1,551,829
$1,034,553
$486,295
$1,002,931
$668,621
$209,386
$5,048,921
$3,365,948
$1,072,236
$714,824
$3,210,947
$2,140,631
VCU Medical College of Virginia Hospitals Authority (206)
$772,167
$2,251,889
$4,110,195
$477,961
$26,064,305
$17,376,204
JJ. On or before June 30, 2018, the State Comptroller shall transfer to the general fund $723,914 the second year from the Biofuels Production Fund (09461) at the Department of Mines Minerals and Energy.
LL. On or before June 30, 2018, the State Comptroller shall transfer to the general fund $2,500,000 in nongeneral fund cash balances from the Aerospace Engine Manufacturing Supplier Cluster Grant Fund.
MM. On or before June 30, 2018, the State Comptroller shall transfer to the general fund $1,600,000 in nongeneral fund cash balances from the Department of Small Business and Supplier Diversity, representing excess balances of $640,000 in the Small Business Investment Grant Fund and $960,000 in the Small Business Jobs Grant Fund.
NN. As required by §4-1.05 b of Chapter 836, 2017 Acts of Assembly, $49,119 in various inactive nongeneral fund accounts were reverted by the State Comptroller to the General Fund in the second year.
OO. On or before June 30, of each fiscal year, the State Comptroller shall transfer to the Health Insurance Fund - Local (Fund 05200) at the Administration of Health Insurance the balance from the Administration of Local Benefits Services Fund (Fund 05220) at the Department of Human Resource Management.
PP. On or before June 30, of each fiscal year, the State Comptroller shall transfer to the Line of Duty Death and Health Benefits Trust Fund (Fund 07420) at the Administration of Health Insurance the balance from the Administration of Health Benefits Payment - LODA Fund (Fund 07422) at the Department of Human Resource Management.