                                 CODE OF VIRGINIA

VIRGINIA TECHNOLOGY INFRASTRUCTURE FUND CREATED; CONTRIBUTIONS (§ 2.2-2023)

A. The Virginia Technology Infrastructure Fund (the Fund) is created in the
state treasury. The Fund is to be used to fund information technology projects
and services or to pay private partners as authorized in subsection C of &#xA7;
2.2-2007.

B. The Fund shall consist of: (i) the transfer of general and nongeneral fund
appropriations from executive branch agencies which represent savings that
accrue from reductions in the cost of information technology and communication
services; (ii) the transfer of general and nongeneral fund appropriations from
executive branch agencies which represent savings from the implementation of
information technology enterprise projects; (iii) funds identified pursuant to
subsection C of &#xA7; 2.2-2007; (iv) such general and nongeneral fund fees or
surcharges as may be assessed to executive branch agencies for enterprise
technology projects; (v) gifts, grants, or donations from public or private
sources; and (vi) such other funds as may be appropriated by the General
Assembly. Savings shall be as identified by the CIO through a methodology
reviewed by the ITAC and approved by the Secretary of Finance. The Auditor of
Public Accounts shall certify the amount of any savings identified by the CIO.
For public institutions of higher education, however, savings shall consist only
of that portion of total savings that represent general funds. The State
Comptroller is authorized to transfer cash consistent with appropriation
transfers. Appropriated funds from federal sources are exempted from transfer.
Except for funds to pay private partners as authorized in subsection C of &#xA7;
2.2-2007, moneys in the Fund shall only be expended as provided by the
appropriation act.
			Interest earned on the Fund shall be credited to the Fund. The Fund shall be
permanent and nonreverting. Any unexpended balance in the Fund at the end of the
biennium shall not be transferred to the general fund of the state treasury.

HISTORY: 1996, cc. 94, 823, §§ 9-145.54, 9-145.55; 2001, c. 844, § 2.2-1703;
2003, cc. 981, 1021; 2010, cc. 136, 145; 2016, c. 296; 2022, cc. 260, 261.