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2003 SESSION

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030914844
HOUSE BILL NO. 1393 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the House Committee on General Laws on January 16, 2003) (Patron Prior to Substitute--Delegate Lingamfelter) A BILL to amend the Code of Virginia by adding in Article 1 of Chapter 8 of Title 2.2 a section numbered 2.2-813.1, relating to reporting of revenue sources collected by Comptroller.

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Article 1 of Chapter 8 of Title 2.2 a section numbered 2.2-813.1 as follows:

§ 2.2-813.1. Biannual disclosure of Comptroller of revenue sources collected.

The Comptroller shall post on the Internet website for the Department of Accounts the following information according to the following schedule: (i) no later than October 1 of each year, the total amount of each revenue source collected by the Commonwealth for the most recent 6-month period ending June 30, and (ii) no later than April 1 of each year, the total amount of each revenue source collected by the Commonwealth for the most recent 6-month period ending December 30. The Comptroller shall include in the information posted any Auditor of Public Accounts control findings that any revenue source was used for any purpose other than the purpose originally established in law for such revenue source.

This section may be referred to as the Virginia Truth in Revenue Source Reporting Act.