                                 CODE OF VIRGINIA

FUNDING FOR COMMISSION&#8217;S OVERSIGHT ACTIVITIES (§ 30-84)

The Commission&#8217;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&#8217;s expenses related to its duties under this chapter and shall
include the estimate as part of the agency&#8217;s budget submission to the
House Committee on Appropriations and the Senate Committee on Finance and
Appropriations.

HISTORY: 1994, cc. 3, 732; 2005, c. 633.