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.

2003 SESSION

• | print version

HB 1467 Automatic reduction in general fund appropriations by Governor.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Automatic reduction in general fund appropriations by Governor. Whenever general fund revenue collections for a period of 6 months or more show that year-to-date revenue growth is in excess of 1 percent below the official estimate upon which the appropriation act is based for such fiscal year, the Governor shall institute an across-the-board percentage reduction in general fund appropriations to all executive branch agencies, which shall equal at least one-half of the revenue shortfall. Such action shall be communicated to the chairmen of the money committees within 5 days of its adoption.

FULL TEXT

• 01/08/03  House: Presented & ordered printed, prefiled 12/04/02 034030896  pdf | impact statement

HISTORY

• 01/08/03  House: Presented & ordered printed, prefiled 12/04/02 034030896
• 01/08/03  House: Referred to Committee on Appropriations
• 01/29/03  House: Tabled in Appropriations (25-Y 0-N)