The State Corporation Commission is vested with regulatory authority over many business and economic interests in Virginia. These interests are as varied as the SCC's powers, which are delineated by the state constitution and state law. Its authority ranges from setting rates charged by large investor-owned utilities to serving as the central filing agency for corporations in Virginia. The SCC's jurisdiction includes many businesses which directly impact Virginia consumers. The SCC's authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads. It is the state's central filing office for corporations, limited partnerships, limited liability companies and Uniform Commercial Code liens. The SCC's structure is unique in that it is organized as a separate department of government with delegated administrative, legislative, and judicial powers. SCC decisions can only be appealed to the Virginia Supreme Court.
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
$0
$86,288,731
$86,288,731
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
$0
$86,288,985
$86,288,985
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
$0
$88,200,490
$88,200,490
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
$0
$88,250,490
$88,250,490
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
$200,000
$89,411,603
$89,611,603
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
$1,200,000
$89,498,603
$90,698,603
2014-2016
2015
Governor's Proposed Budget
$1,200,133
$94,411,603
$95,611,736
Base Budget
$1,200,000
$89,498,603
$90,698,603
Addenda (Changes to the Base)
$133
$4,913,000
$4,913,133
2014-2016
2016
Governor's Proposed Budget
$1,200,446
$94,411,603
$95,612,049
Base Budget
$1,200,000
$89,498,603
$90,698,603
Addenda (Changes to the Base)
$446
$4,913,000
$4,913,446
Positions Budget Summary
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
0.00
653.00
653.00
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
0.00
658.00
658.00
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
0.00
665.00
665.00
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
0.00
665.00
665.00
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
4.00
665.00
669.00
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
13.00
665.00
678.00
2014-2016
2015
Proposed Positions
13.00
665.00
678.00
Base Budget
13.00
665.00
678.00
Addenda (Changes to the Base)
0.00
0.00
0.00
2012-2014
2016
Proposed Positions
13.00
665.00
678.00
Base Budget
13.00
665.00
678.00
Addenda (Changes to the Base)
0.00
0.00
0.00
Operating Budget Addenda (in order of greatest impact)
•
Provide additional nongeneral fund appropriation to replace the Clerkâs Information System
Decision Package
Provides additional nongeneral fund appropriation each year to replace the agency’s mainframe system. The Clerk’s Information System acts as a central filing location for all business entities authorized to transact within the state and will be replaced after 24 years due to discontinued platform support and to improve operational efficiency.
FY 2015
FY 2016
Nongeneral Fund
$3,000,000
$3,000,000
•
Increase federal grant appropriation for utility safety
Decision Package
Increases nongeneral fund appropriation each year within the Regulation of Utility Companies service area. A federal grant supporting utility safety substantially increased as a result of higher reimbursement rates and rising costs of implementation, exceeding its existing appropriation level.
FY 2015
FY 2016
Nongeneral Fund
$2,000,000
$2,000,000
•
Eliminate nongeneral fund appropriation within the health insurance plan management program
Decision Package
Eliminates nongeneral fund appropriation each year within the agency's health benefit exchange plan management program. The appropriation was inadvertently allocated to the commission and was intended for the Virginia Department of Health for the development and operation of the federally facilitated exchanges. The department has indicated that the nongeneral fund appropriation is no longer needed for this function.
FY 2015
FY 2016
Nongeneral Fund
($87,000)
($87,000)
•
Fund agency costs for the new Cardinal accounting system
Decision Package
Provides appropriation to the agency's budget to pay for the agency's share of the costs for the new Cardinal accounting system. The Department of Accounts allocates the yearly cost of the system to agencies based upon the number of transactions the agency completed in the previous fiscal year.
FY 2015
FY 2016
General Fund
$0
$309
•
Adjust agency appropriation for the cost of Performance Budgeting system charges
Decision Package
Provides appropriation to pay for the agency's share of ongoing Performance Budgeting system operating and maintenance costs. The general fund share of this cost was previously budgeted in Central Appropriations.
FY 2015
FY 2016
General Fund
$119
$119
•
Fund changes in state employee workers' compensation premiums
Decision Package
Adjusts the agency's budget for workers' compensation premiums based on the allocation of 2015 and 2016 program costs provided by the Department of Human Resource Management. The allocation is based on the historical experience of the agency and reflects the current policy of providing agencies with 50 percent of any increased costs and allowing agencies to retain 50 percent of any reduced costs.
