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- Subject Index: Since 1995
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2005 SESSION
HJ 525 Constitutional amendment; limit on growth in general fund appropriations & revenues (1st reference).
Introduced by: R. Lee Ware, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Constitutional amendment (first resolution); limit on growth in state general fund appropriations and revenues. 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 the members elected in each house. The amendment also provides that 50 percent of general fund revenues in excess of the limitation is to be returned to the citizens of Virginia and 50 percent goes into the Revenue Stabilization Fund. This resolution incorporates HJR 622.
FULL TEXT
- 08/16/04 House: Prefiled & ordered printed; offered 01/12/05 050239540 pdf
- 02/04/05 House: Committee substitute printed 050373540-H1 pdf
HISTORY
- 08/16/04 House: Prefiled & ordered printed; offered 01/12/05 050239540
- 08/16/04 House: Referred to Committee on Privileges and Elections
- 02/04/05 House: Reported from P. & E. w/substitute (16-Y 4-N)
- 02/04/05 House: Committee substitute printed 050373540-H1
- 02/07/05 House: Taken up
- 02/07/05 House: Committee substitute agreed to 050373540-H1
- 02/07/05 House: Engrossed by House - committee substitute HJ525H1
- 02/07/05 House: Pending question ordered
- 02/07/05 House: Agreed to by House (50-Y 43-N)
- 02/07/05 House: VOTE: ADOPTION (50-Y 43-N)
- 02/07/05 House: Communicated to Senate
- 02/08/05 Senate: Reading waived
- 02/08/05 Senate: Referred to Committee on Privileges and Elections
- 02/15/05 Senate: Rereferred from P.& E. (13-Y 1-N)
- 02/15/05 Senate: Rereferred to Finance
- 02/17/05 Senate: Left in Finance