pdocagy (DPB Website Public Reports)

State Corporation Commission [171]

Secretarial Area: Independent Agencies

Mission:
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.

Mission:

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

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...

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)

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Provide additional nongeneral fund appropriation to replace the Clerk’s 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.

	FY 2015	FY 2016
General Fund	$14	$18

pdocagy2014 - Executive Budget Document Agency Details - 06-02-2025 04:45:45