                                 CODE OF VIRGINIA

BILLS RELATED TO THE VIRGINIA RETIREMENT SYSTEM; IMPACT STATEMENTS (§
30-19.1:7)

In accordance with a joint resolution that establishes a schedule for the
conduct of business coming before a regular session of the General Assembly, the
Board of Trustees of the Virginia Retirement System shall investigate, prepare,
and submit to the Clerk of the House of Delegates, the Clerk of the Senate, the
Commission on Local Government, the House Committee on Appropriations, and the
Senate Committee on Finance and Appropriations, a statement of (i) the financial
impact of the proposed bill upon the general fund and the various local
governments that have elected to become part of the Virginia Retirement System
pursuant to § 51.1-800 and (ii) the policy implications that such bill will
have on the various systems administered by the Board of Trustees. Such
statement shall also note the potential impact any introduced bill will have on
local government independent retirement systems.

HISTORY: 1997, c. 610; 2001, c. 680; 2010, c. 410.