VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2001 SESSION

• history | hilite | pdf | print version

015906724
HOUSE BILL NO. 1635 Offered January 10, 2001 Prefiled December 1, 2000 A BILL to amend the Code of Virginia by adding in Chapter 14 of Title 2.1 an article numbered 2.1:1, consisting of sections numbered 2.1-191.4:01 and 2.1-191.4:02, relating to distribution of general funds to localities. ---------- Patron-- Diamonstein ---------- Referred to Committee on Finance ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Chapter 14 of Title 2.1 an article numbered 2.1:1, consisting of sections numbered 2.1-191.4:01 and 2.1-191.4:02, as follows:

Article 2.1:1. Distribution of Revenues to Localities.

§ 2.1-191.4:01. Distribution of revenues to localities.

An amount equivalent to two percent of the total general funds collected during the immediately prior fiscal year shall be distributed to all counties and cities according to the formula set forth in § 2.1-191.4:02 no later than August 1 each year, beginning August 1, 2001. These funds shall be in addition to any funds otherwise appropriated to localities and shall not be considered in determining such other appropriations. The Governor shall include such funds in his budget bill submitted to the General Assembly pursuant to § 2.1-399.

§ 2.1-191.4:02. Formula for distributing revenues.

One-half of the total amounts to be distributed pursuant to § 2.1-191.4:01 shall be distributed pro rata to all counties and cities based upon population. The remaining one-half shall be distributed pro rata to all counties and cities based upon the locality's most recent fiscal stress index as reported by the Commission on Local Government, with the locality having the highest stress index receiving the highest amount and the locality having the lowest stress index receiving the lowest amount.