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Committee hears unexpected $3 million liability payment and VHFA appropriation adjustments
Summary
Finance staff told the committee about an unanticipated $3 million payment recorded to the state liability self-insurance fund tied to a multiyear federal settlement; members also discussed a returned VHFA appropriation originally intended for a weatherization program.
Finance staff alerted the committee to a $3,000,000 payment that posted to the state liability self-insurance fund in July as part of a multi-part federal settlement described in the hearing. The payment had not been included in the administration's Budget Adjustment Act assumptions and prompted staff to flag the need to replenish the…
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