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2013 SESSION
13100568DBe it enacted by the General Assembly of Virginia:
1. That § 2.2-1514, as it is currently effective and as it may become effective, of the Code of Virginia is amended and reenacted as follows:
§ 2.2-1514. (Contingent expiration date - see Editor's notes) Assignment of general fund for nonrecurring expenditures.
A. As used in this section:
"The Budget Bill" means the
"The Budget Bill" submitted pursuant to § 2.2-1509, including any
amendments to a general appropriation act pursuant to such section.
"Nonrecurring expenditures" means the acquisition or construction of capital outlay projects as defined in § 2.2-1518, the acquisition or construction of capital improvements, the acquisition of land, the acquisition of equipment, or other expenditures of a one-time nature as specified in the general appropriation act.
B. At the end of each fiscal year, the Comptroller shall
assign within his annual report pursuant to § 2.2-813 as follows: 67 75
percent of the remaining amount of the general fund balance that is not
otherwise restricted, committed, or assigned for other usage within the general
fund shall be assigned by the Comptroller for deposit into the Transportation
Trust Fund or a subfund thereof, and the remaining amount shall be assigned for
nonrecurring expenditures. No such assignment shall be made unless the full
amounts required for other restrictions, commitments, or assignments including
but not limited to (i) the Revenue Stabilization Fund deposit pursuant to §
2.2-1829, (ii) the Virginia Water Quality Improvement Fund deposit pursuant to
§ 10.1-2128, but excluding any deposits provided under the Virginia Natural
Resources Commitment Fund established under § 10.1-2128.1, (iii) capital outlay
reappropriations pursuant to the general appropriation act, (iv)(a) operating
expense reappropriations pursuant to the general appropriation act, and (b)
reappropriations of unexpended appropriations to certain public institutions of
higher education pursuant to § 2.2-5005, (v) pro rata rebate payments to certain
public institutions of higher education pursuant to § 2.2-5005, (vi) the
unappropriated balance anticipated in the general appropriation act for the end
of such fiscal year, and (vii) interest payments on deposits of certain public
institutions of higher education pursuant to § 2.2-5005 are set aside. The
Comptroller shall set aside amounts required for clauses (iv)(b), (v), and
(vii) beginning with the initial fiscal year as determined under § 2.2-5005 and
for all fiscal years thereafter.
C. The Governor shall include in "The Budget Bill" pursuant to § 2.2-1509 recommended appropriations from the general fund or recommended amendments to general fund appropriations in the general appropriation act in effect at that time an amount for deposit into the Transportation Trust Fund or a subfund thereof, and an amount for nonrecurring expenditures equal to the amounts assigned by the Comptroller for such purposes pursuant to the provisions of subsection B. Such deposit to the Transportation Trust Fund or a subfund thereof shall not preclude the appropriation of additional amounts from the general fund for transportation purposes.
§ 2.2-1514. (Contingent effective date - see Editor's notes) Assignment of general fund for nonrecurring expenditures.
A. As used in this section:
"The Budget Bill" means the
"The Budget Bill" submitted pursuant to § 2.2-1509, including any
amendments to a general appropriation act pursuant to such section.
"Nonrecurring expenditures" means the acquisition or construction of capital outlay projects as defined in § 2.2-1518, the acquisition or construction of capital improvements, the acquisition of land, the acquisition of equipment, or other expenditures of a one-time nature as specified in the general appropriation act.
B. At the end of each fiscal year, the Comptroller shall
assign within his annual report pursuant to § 2.2-813 as follows: 67 75
percent of the remaining amount of the general fund balance that is not
otherwise restricted, committed, or assigned for other usage within the general
fund shall be assigned by the Comptroller for deposit into the Transportation
Trust Fund or a subfund thereof, and the remaining amount shall be assigned for
nonrecurring expenditures. No such assignment shall be made unless the full
amounts required for other restrictions, commitments, or assignments including
but not limited to (i) the Revenue Stabilization Fund deposit pursuant to §
2.2-1829, (ii) the Virginia Water Quality Improvement Fund deposit pursuant to
§ 10.1-2128, but excluding any deposits provided under the Virginia Natural
Resources Commitment Fund established under § 10.1-2128.1, (iii) capital outlay
reappropriations pursuant to the general appropriation act, (iv) (a) operating
expense reappropriations pursuant to the general appropriation act, and (b)
reappropriations of unexpended appropriations to certain public institutions of
higher education pursuant to § 2.2-5005, (v) pro rata rebate payments to
certain public institutions of higher education pursuant to § 2.2-5005, (vi) the
unappropriated balance anticipated in the general appropriation act for the end
of such fiscal year, and (vii) interest payments on deposits of certain public
institutions of higher education pursuant to § 2.2-5005 are set aside. The
Comptroller shall set aside amounts required for clauses (iv) (b), (v), and
(vii) beginning with the initial fiscal year as determined under § 2.2-5005 and
for all fiscal years thereafter.
C. The Governor shall include in "The Budget Bill" pursuant to § 2.2-1509 recommended appropriations from the general fund or recommended amendments to general fund appropriations in the general appropriation act in effect at that time an amount for deposit into the Transportation Trust Fund or a subfund thereof, and an amount for nonrecurring expenditures equal to the amount assigned by the Comptroller for such purpose pursuant to the provisions of subsection B. Such deposit to the Transportation Trust Fund or a subfund thereof shall not preclude the appropriation of additional amounts from the general fund for transportation purposes.