SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2006 SPECIAL SESSION I

  • | print version

HB 5097 General fund; use of year-end balance to be designated by Comptroller.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Use of year-end general fund balance.  Provides that any fiscal year-end general fund balance that is not otherwise reserved or designated shall be designated by the Comptroller in the amount of 50% for nonrecurring non-transportation expenditures and 50% for transportation expenditures.  The bill would provide for the Comptroller to make such designation only after amounts have been reserved for the Revenue Stabilization Fund, the Virginia Water Quality Improvement Fund, and other required designations have been set aside.  The bill would require the Governor to recommend appropriations in the budget bill that would be consistent with the Comptroller's designations for nonrecurring non-transportation expenditures and transportation expenditures.


FULL TEXT

HISTORY