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 § 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 § 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 § 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.
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.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 20.1 - Virginia Information Technologies Agency
§ 2.2-2005. Creation of Agency; appointment of Chief Information Officer
§ 2.2-2007.1. Additional duties of the CIO relating to information technology planning and budgeting
§ 2.2-2009. Additional duties of the CIO relating to security of government information
§ 2.2-2012. Additional powers and duties related to the procurement of information technology
§ 2.2-2012.1. Major information technology project procurement; terms and conditions
§ 2.2-2013. Internal service and special funds
§ 2.2-2016. Division of Project Management established
§ 2.2-2016.1. Additional powers and duties of the CIO relating to project management
§ 2.2-2017. Powers and duties of the Division
§ 2.2-2018.1. Project and procurement investment business case approval
§ 2.2-2020. Procurement approval for information technology projects
§ 2.2-2021. Project oversight committees
§ 2.2-2022. Definitions; purpose
§ 2.2-2023. Virginia Technology Infrastructure Fund created; contributions