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2002 SESSION

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HJ 144 Constitutional amendment; limits growth of state budget.

Introduced by: R. Lee Ware, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment; limits growth of state budget. Limits general fund growth in any fiscal year to the preceding year's general fund appropriation plus the percentage increase in gross state product for the most recently available year plus a factor for population increases. The General Assembly may exceed this limitation with a two-thirds vote of each house. Also provides that 50 percent of the increased revenues is to be returned to the citizens of Virginia and 50 percent goes into the Revenue Stabilization Fund.

FULL TEXT

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 021551976  pdf

HISTORY

• 01/09/02  House: Presented & ordered printed, prefiled 01/09/02 021551976
• 01/09/02  House: Referred to Committee on Finance
• 01/21/02  House: Referred from Finance (21-Y 0-N)
• 01/21/02  House: Referred to Committee on Privileges and Elections
• 02/01/02  House: Continued to 2003 in P. & E. (22-Y 0-N)