The 2011 Executive Budget Document
State Corporation Commission
[
http://www.scc.virginia.gov/
]
Mission Statement
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
General Fund | Nongeneral Fund | Personnel Cost | |
---|---|---|---|
2007 Appropriation | $ 0 | $ 89,574,141 | $ 39,780,280 |
2008 Appropriation | $ 0 | $ 78,407,241 | $ 40,812,478 |
2009 Appropriation | $ 0 | $ 86,288,731 | $ 41,698,085 |
2010 Appropriation | $ 0 | $ 86,288,985 | $ 43,134,859 |
2011 Base Budget | $ 0 | $ 88,200,490 | $ 43,183,911 |
2011 Total | $ 0 | $ 88,200,490 | $ 43,183,911 |
2012 Base Budget | $ 0 | $ 88,250,490 | $ 43,183,911 |
2012 Total | $ 0 | $ 88,250,490 | $ 43,183,911 |
General Fund | Nongeneral Fund | Total Positions | |
---|---|---|---|
2007 Appropriation | 0.00 | 653.00 | 653.00 |
2008 Appropriation | 0.00 | 653.00 | 653.00 |
2009 Appropriation | 0.00 | 653.00 | 653.00 |
2010 Appropriation | 0.00 | 658.00 | 658.00 |
2011 Base Budget | 0.00 | 665.00 | 665.00 |
2011 Total | 0.00 | 665.00 | 665.00 |
2012 Base Budget | 0.00 | 665.00 | 665.00 |
2012 Total | 0.00 | 665.00 | 665.00 |
Recommended Operating Budget Addenda
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Transfer nongeneral fund balancesTranfers $3.2 million in unobligated nongeneral fund balances to the general fund in 2012.
FY 2011 FY 2012 Resources $ 0 $ 3,225,600