§ 30-84 Funding for Commission’s oversight activities
The Commission’s reasonable and necessary expenses related to its duties under this chapter shall be paid by the Retirement System and shall be borne by each trust fund in the System in the same ratio as the assets of each trust fund, as of the preceding June 30, bear to the total trust funds of the System on that date. On or before September 30 of each year, the Commission shall submit to the Board of Trustees of the Virginia Retirement System an itemized estimate for the next fiscal year of the amounts necessary to pay the Commission’s expenses related to its duties under this chapter and shall include the estimate as part of the agency’s budget submission to the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.
History
This law was first created in 1994. The record of its establishment is cataloged in chapters 3 and 732 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2005, chapter 633.
1994, cc. 3, 732; 2005, c. 633.