AMENDMENT(S) REJECTED BY THE HOUSE

DEL. HULL

1. After line 509, substitute

insert

8.  That notwithstanding the provisions of § 58.1-2531, the Comptroller shall not make any deposits into the Commonwealth Transportation Capital Projects Fund created pursuant to § 58.1-2532 nor shall the Commonwealth Transportation Board issue revenue bonds pursuant to subdivision 4 f of § 33.1-269 in any fiscal year if:

1.  Actual general fund revenues for a fiscal year, including transfers, are less than the projected general fund revenues, as reported in the general appropriation act in effect at that time, by one-half of one percent or more of the amount of actual general fund revenues for such fiscal year;

2.  The general fund revenue forecast provided by the Governor in December pursuant to § 2.1-393 indicates that general fund revenues, excluding transfers, for any fiscal year will be less than five percent greater than general fund revenues for the immediately preceding fiscal year; or

3.  The general fund revenue forecast provided by the Governor in December pursuant to § 2.1-393 indicates that total general fund revenues available for appropriation, including transfers, for either of the fiscal years covered by the general appropriation act in effect at that time will be less than the general fund appropriations for such fiscal year or years.