SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

  • | print version

SJ 316 Constitutional amendment (first resolution); establishment of special funds.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); establishment of special funds.  Authorizes the General Assembly to establish a special fund for specified purposes and to dedicate a revenue stream to the fund. If the General Assembly establishes a special fund and dedicates to it income, sales and use, recordation, fuels, or insurance license taxes or vehicle registration fees, the General Assembly must continue appropriating the dedicated revenues to the fund. However, by a two-thirds vote of the members in each house, each special fund may be abolished, the purposes for which each fund is established may be changed, the minimum annual appropriation to each fund may be decreased, and the proceeds in each fund may be used for purposes other than for which the fund is established.  A substitute for this resolution focusing on transportation funds and general funds was reported by the Senate Committee on Privileges and Elections that incorporated SJR 381.


FULL TEXT

HISTORY