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2024 SESSION

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SB 585 Capital outlay plan; repeals existing six-year capital outlay for projects to be funded.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Capital outlay plan. Updates the six-year capital outlay plan for projects to be funded entirely or partially from general fund-supported resources. This bill incorporates SB 601 is identical to HB 715.

SUMMARY AS INTRODUCED:

Six-Year Capital Outlay Plan and funding. Provides that the Six-Year Capital Outlay Plan Advisory Committee shall submit and annually amend a Six-Year Capital Outlay Plan that shall include new capital outlay projects (and previously planned or authorized capital outlay projects) that are to be funded entirely or partially from general fund-supported resources for the six fiscal years beginning July 1, 2024. The Plan shall be amended annually through the submission of a report to the Governor and the General Assembly by the Advisory Committee which reflects (i) its recommendations 1516 and (ii) any capital outlay projects authorized by the General Assembly in an appropriation act. The bill also removes the requirement for the Governor to submit in each legislative session a prefiled bill with amendments to the current Plan to be enacted into law.