Source: https://budget.lis.virginia.gov/amendment/2012/2/HB1301/Introduced/CR/3-1.01/4c/
Timestamp: 2019-04-22 18:33:59
Document Index: 88473130

Matched Legal Cases: ['§ 3', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 58', '§ 2', '§ 2', '§ 17', '§ 10', '§ 2', '§ 2']

3-1.01#4c (Interfund Transfers) Provide All Available Funding for ICAC Items. HB1301 - Conference Report
Bill Order » Item 3-1.01 #4c
Provide All Available Funding for ICAC Items (language only)
Item 3-1.01 #4c
Page 390, line 14, strike "$1,800,000" and insert "$2,450,000"
Page 390, line 16, after "17.1-275.12." strike remainder of line.
Page 390, strike line 17.
(This amendment eliminates a proposed transfer of excess balances from an existing fund for the prevention of internet crimes against children.)
3. Peanut Fund (§ 3.1-662, Code of Virginia)
b) Soft Drink Excise Tax(§ 58.1-1705, Code of Virginia)
c) Virginia Litter Tax (§ 58.1-1710, Code of Virginia)
$74,936,039
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 $53,700,000 the first year and $54,000,000 the second year.
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 and retention of local mapping services, and State Land Evaluation Advisory Committee (SLEAC) services by the Department of Taxation estimated at $5,704,627 the first year and $5,680,260 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 by the Department of Taxation estimated at $2,787,842 the first year and $2,787,842 the second year.
F. On or before June 30 of each year, the State Comptroller shall transfer $6,691,692 the first year and $6,691,692 the second year to the general fund the following amounts from the agencies and fund sources listed below, for expenses incurred by central service agencies:
G.1. The Comptroller shall transfer to the Lottery Proceeds Fund established pursuant to § 58.1-4002.1, Code of Virginia, an amount estimated at $450,300,000 the first year and $455,000,000 the second year, from the State Lottery Fund. The transfer each year shall be made in two parts: (1) on or before January 1 of each year, the Comptroller shall transfer the balance of the State Lottery Fund for the first five months of the fiscal year and (2) thereafter, the transfer will be made on a monthly basis. Prior to June 20 of each year, the State Lottery Director shall estimate the amount of profits in the State 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.
2. No later than 10 days after receipt of the annual audit report required by § 58.1-4023, Code of Virginia, the Comptroller shall transfer to the Lottery Proceeds Fund the remaining audited balances of the State Lottery Fund for the prior fiscal year. If such annual audit discloses that the actual revenue is less than the estimate on which the June transfer was based, the State Comptroller shall adjust the next monthly transfer from the State Lottery Fund to account for the difference between the actual revenue and the estimate transferred to the Lottery Proceeds Fund. The State Comptroller shall take all actions necessary to effect the transfers required by this paragraph, notwithstanding the provisions of § 58.1-4022, Code of Virginia. In preparing the Comprehensive Annual Financial Report, the State Comptroller shall report the Lottery Proceeds Fund as specified in § 58.1-4002.1, Code of Virginia.
2.a.The State Treasurer is authorized to charge institutions of higher education participating in the pooled bond program of the Virginia College Building Authority an administrative fee of up to 10 basis points of the amount financed for each project in addition to a share of direct costs of issuance as determined by the State Treasurer. Such amounts collected from the public institutions of higher education, which are estimated to generate $150,000 the first year and $150,000 the second year, shall be paid into the general fund of the state treasury.
b. The State Comptroller shall transfer to the general fund on June 30, 2013 and on June 30, 2014, respectively, the amount in excess of $20,000 in the Virginia College Building Authority Private College Financing Program Fees (Fund 0220) at the Department of the Treasury.
K.1. Not later than 30 days after the close of each quarter during the biennium, the 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 $3,000,000 the first year and $3,000,000 the second year.
M.1. Not later than thirty days after the close of each quarter during the biennium, the Comptroller shall transfer to the Game Protection Fund the general fund revenues collected pursuant to § 58.1-638 E, Code of Virginia. Notwithstanding § 58.1-638 E, this transfer shall not exceed $10,635,320 the first year and $10,635,320 the second year and shall be adjusted by the amounts in subparagraph M.2. for debt service payments.
2. Out of the amounts provided in subparagraph M.1. above, $405,000 the second year shall be retained in the general fund for debt service payments attributable to the Virginia Public Building Authority bonds issued for the high hazard dam modification and repair projects on dams owned by the Department of Game and Inland Fisheries as specified in this act.
O. On or before June 30 each year, the State Comptroller shall transfer to the general fund $4,000,000 the first year and $4,000,000 the second year from the Court Debt Collection Program Fund at the Department of Taxation.
S. The Department of Alcoholic Beverage Control shall sell the building in which the Alexandria Regional office is currently located. Notwithstanding the provisions of § 2.2-1156, Code of Virginia, all the proceeds from the sale of such property, estimated to be $10,250,000, shall be deposited into the general fund no later than June 30, 2014.
Y. The Brunswick Correctional Center operated by the Department of Corrections shall be sold and the proceeds of such sale deposited into the general fund, notwithstanding the provisions of § 2.2.-1156, Code of Virginia. The estimated amount of the proceeds to be received is $20,000,000. The Commonwealth may enter into negotiations with (1) the Virginia Tobacco Indemnification and Community Revitalization Commission, (2) regional local governments, and (3) regional industrial development authorities for the purchase of this property as an economic development site.
AA. On or before June 30 each year the State Comptroller shall transfer $1,800,000 from the fund created pursuant to § 17.1-275.12 of the Code of Virginia, to Items 331, 384, and 408 of this act, for the purposes enumerated in Section 17.1-275.12. Any amounts remaining in the fund following these transfers, estimated at $650,000 each year, shall be transferred to the general fund on or before June 30 of each year.
CC. 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 0721), the Department of Taxation's indirect costs of administering this tax estimated at $114,775 the first year and $114,775 the second year.
EE. On or before June 30, 2013, the State Comptroller shall transfer $3,200,000 to the general fund from unobligated nongeneral fund balances in the State Corporation Commission.
GG. On or before June 30 each year, and notwithstanding § 10.1-1422.01, Code of Virginia, the State Comptroller shall transfer to the general fund $191,250 the first year and $127,500 the second year, from the Litter Control and Recycling Fund in the Department of Environmental Quality.
HH.1. On or before June 30, 2013, the State Comptroller shall transfer $70,000 to the general fund from the Voluntary Contribution Administration Fund (Fund 0251) in the Department of Taxation.
II. On or before June 30, 2013, the State Comptroller shall transfer to the general fund $8,915 from the Surplus Supplies and Equipment Fund (Fund 0287) in the Department of Forensic Science.
JJ. The former Department of Taxation Building operated by the Department of General Services shall be sold and the proceeds of such sale deposited into the general fund notwithstanding the provisions of § 2.2-1156, Code of Virginia. The estimated amount of the payments to be received is $1,750,000 the first year.
KK.1. Notwithstanding the provisions of Section 2.2-1156, Code of Virginia, the proceeds, estimated at $162,900, from the sale by the Department of Forestry of the property located at 16010 James River Drive, Prince George, Virginia, shall be deposited into the general fund no later than June 30, 2013.
2. Notwithstanding the provisions of Section 2.2-1156, Code of Virginia, the proceeds, estimated at $89,281, from the sale by the Department of Forestry of the property located at 450 Timberline Drive, Galax, Virginia, shall be deposited into the general fund no later than June 30, 2013.
3. Notwithstanding the provisions of Section 2.2-1156, Code of Virginia, the proceeds, estimated at $173,000, from the sale by the Department of Forestry of the property located at 2229 East Nine Mile Road, Sandston, Virginia, shall be deposited into the general fund no later than June 30, 2013.
LL. Any amount designated by the Comptroller from the June 30, 2012 or June 30, 2013 general fund balance for transportation pursuant to § 2.2-1514B., Code of Virginia, is hereby appropriated.