SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2011 SESSION

  • | print version

SB 1338 Governor; submission of financial plan to General Assembly.

Introduced by: Mark R. Herring | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Governor; submission of financial plan; Joint Legislative Audit and Review Commission. Provides for the Governor's financial plan to be submitted to the General Assembly before the first day of each legislative session and for the plan to prospectively cover periods of six and 10 years. Under current law the plan is required to be submitted in even-numbered years and to cover a prospective period of six years. The bill also provides for the plan to include projections for total state indebtedness, projected future expenditures for debt service over time, and other relevant measures of debt. The plan must be updated within 60 days of the adoption of the state budget. The bill further provides for the Joint Legislative Audit and Review Commission to include a six-year projection of expenditures in programs identified as the largest and fastest growing programs in the Commission's annual report on state spending.


FULL TEXT

HISTORY