| • |
| Establish state health benefit exchange |
Decision Package |
|
| |
Establishes Virginia Health Benefit Exchange. Creates a new division within the agency to manage a health insurance marketplace for the purchase and sale of qualified health and dental plans in the individual and small group markets. Language authorizes the Secretary of Finance to approve an interest-free treasury loan to fund the start-up costs of the health insurance marketplace. A companion amendment in Central Appropriations provides general fund support, beginning in the first year, to administer a reinsurance program to subsidize health insurance carriers participating in the Virginia Health Benefit Exchange. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$13,500,000 |
$41,500,000 |
| Positions |
20.00 |
30.00 |
|
| • |
| Increase Uninsured Motorists Fund appropriation |
Decision Package |
|
| |
Increases nongeneral fund appropriation each year to support the annual Uninsured Motorists Fund transfer from the Department of Motor Vehicles. The nongeneral fund appropriation increase is based on the most recent revenue projections provided by the Department of Taxation. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$2,897,520 |
$3,319,219 |
|
| • |
| Adjust appropriation for centrally funded 2.75 percent salary increase for state employees |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the 2.75 percent salary increase for state employees budgeted in Central Appropriations, Item 474 T. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
$1,880 |
$1,880 |
| Nongeneral Fund |
$1,602,927 |
$1,602,927 |
|
| • |
| Adjust appropriation for centrally funded 2.25 percent merit-based salary increase for state employees |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the 2.25 percent merit-based salary increase for state employees budgeted in Central Appropriations, Item 474 V. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
$1,337 |
$1,337 |
| Nongeneral Fund |
$1,126,680 |
$1,126,680 |
|
| • |
| Adjust funding for the regulation of public utilities |
Base Budget Adjustment |
|
| |
Adjusts nongeneral fund appropriation for the regulation of public utilities. This adjustment is based on the Public Service Company Fee and Tax Fund's historical expenditures. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($800,000) |
($800,000) |
|
| • |
| Adjust appropriation for centrally funded changes to state health insurance premiums |
Base Budget Adjustment |
|
| |
Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 474 G. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$493,872 |
$493,872 |
|
| • |
| Provide oversight of qualified education loan servicers |
Decision Package |
|
| |
Provides staff to issue licenses and register education loan servicers. This amendment supports legislation requiring anyone acting as a qualified education loan servicer to obtain a license through the Commission and register with the Nationwide Multistate Licensing System and Registry. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$123,455 |
$211,390 |
| Positions |
0.00 |
2.00 |
|
| • |
| Adjust appropriation for centrally funded changes to Cardinal Financials System charges |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 475 L. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
($771) |
($771) |
| Nongeneral Fund |
$102,634 |
$102,634 |
|
| • |
| Adjust appropriation for centrally funded workers’ compensation premium changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 474 R. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
$48 |
$48 |
| Nongeneral Fund |
$81,276 |
$81,276 |
|
| • |
| Adjust appropriation for centrally funded changes to agency information technology costs |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 475 G. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
$23,962 |
$23,962 |
|
| • |
| Adjust appropriation for centrally funded retirement rate changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 474 H. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
$17 |
$17 |
| Nongeneral Fund |
$14,082 |
$14,082 |
|
| • |
| Adjust appropriation for centrally funded state employee other post-employment benefit rate changes |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to state employee other post-employment benefit rates budgeted in Central Appropriations, Item 474 K. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
($17) |
($17) |
| Nongeneral Fund |
($14,081) |
($14,081) |
|
| • |
| Adjust appropriation for centrally funded information technology auditors and security officers |
Base Budget Adjustment |
|
| |
Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 475 K. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($10,518) |
($10,518) |
|
| • |
| Eliminate funding for legislative organization membership dues |
Base Budget Adjustment |
|
| |
Eliminates nongeneral fund appropriation provided for the payment of annual membership dues to the National Conference of Insurance Legislators (NCOIL). The nongeneral fund appropriation provided for the annual NCOIL membership dues can be eliminated because the agency is no longer a member of the legislative organization. |
| |
| |
FY 2021 |
FY 2022 |
| Nongeneral Fund |
($10,000) |
($10,000) |
|
| • |
| Adjust appropriation for centrally funded changes to Performance Budgeting System charges |
Base Budget Adjustment |
|
| |
Adjusts appropriation for changes to Performance Budgeting System internal service fund charges budgeted in Central Appropriations, Item 475 M. of Chapter 854, 2019 Acts of Assembly. |
| |
| |
FY 2021 |
FY 2022 |
| General Fund |
($101) |
($101) |
| Nongeneral Fund |
$216 |
$216 |
|
| • |
| Reallocate administration of regulatory services |
Decision Package |
|
| |
Transfers nongeneral fund appropriation and positions among the five regulatory service areas. This technical amendment properly reflects personal and nonpersonal expenditures among the five regulatory service areas. |
| • |
| Allocate funding to replace the MarketPro System |
Decision Package |
|
| |
Transfers nongeneral fund appropriation between service areas for the replacement of the Bureau of Insurance's (BOI) MarketPro System. This technical amendment transfers nongeneral fund appropriation from the Regulation of Financial Institutions service area to the Regulation of Insurance Industry service area. The BOI's expenditures are charged to the Regulation of Insurance Industry service area. |
| • |
| Allocate funding to redesign website |
Decision Package |
|
| |
Transfers nongeneral fund appropriation between service areas to redesign the agency's website. This technical amendment transfers nongeneral fund appropriation from the Regulation of Investment Companies, Products and Services service area to the Regulation of Financial Institutions service area. The agency allocates its costs for redesigning the website to the Regulation of Investment Companies, Products and Services service area. |
