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1998 SESSION
SB 476 Capital Expenditure Special Fund; created.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY:
Capital Expenditure Special Fund. Requires that a portion of the growth in state income tax revenue from sources other than employer withholdings be deposited in a special fund and appropriated for nonrecurring expenditures, which include financing capital projects and reducing bonded indebtedness incurred for capital projects. The portion of nonwithholding revenues to be deposited in the Fund is the percentage by which the rate of the estimated growth in nonwithholding revenue exceeds the rate of the growth in general fund revenue. When year-end revenue figures are available, the rates of growth in both withholding and general fund revenues will be recalculated. If general fund revenue collections meet the revenue estimate and the revised percentage of nonwithholding revenues is greater than the amount previously calculated, the excess will be segregated for future deposit to the Fund. If general fund revenue collections meet the revenue estimate but the revised percentage of nonwithholding revenues is less than the amount previously calculated, the shortfall needed to finance nonrecurring expenditures will be met from general fund balances or other allocations of funds.
FULL TEXT
- 01/26/98 Senate: Presented & ordered printed 985324743 pdf
- 02/12/98 Senate: Printed as engrossed 985324743-E pdf
- 03/30/98 Senate: Bill text as passed Senate and House (SB476ER) pdf
- 04/23/98 Senate: Reenrolled bill text (SB476ER) pdf
AMENDMENTS
HISTORY
- 01/26/98 Senate: Presented & ordered printed 985324743
- 01/26/98 Senate: Referred to Committee on Finance
- 02/10/98 Senate: Reported from Finance with amendments (17-Y 0-N)
- 02/11/98 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/11/98 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/12/98 Senate: Read second time
- 02/12/98 Senate: Reading of amendments waived
- 02/12/98 Senate: Committee amendments agreed to
- 02/12/98 Senate: Engrossed by Senate as amended
- 02/12/98 Senate: Printed as engrossed 985324743-E
- 02/13/98 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/13/98 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 02/13/98 Senate: Communicated to House
- 02/17/98 House: Placed on Calendar
- 02/18/98 House: Read first time
- 02/18/98 House: Referred to Committee on Appropriations
- 03/10/98 House: Reported from Appropriations (30-Y 0-N)
- 03/10/98 House: Read second time
- 03/11/98 House: Passed by for the day
- 03/12/98 House: Read third time
- 03/12/98 House: Passed House (Block Vote) (100-Y 0-N)
- 03/12/98 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 03/30/98 Senate: Bill text as passed Senate and House (SB476ER)
- 04/06/98 Senate: Enrolled
- 04/06/98 House: Signed by Speaker
- 04/08/98 Senate: Signed by President
- 04/16/98 Senate: Governor's recommendation received by Senate
- 04/22/98 Senate: Placed on Calendar
- 04/22/98 Senate: Senate concurred in Gov's recommendation (38-Y 1-N)
- 04/22/98 Senate: VOTE: ADOPT GOV. RECOMM. R (38-Y 1-N)
- 04/22/98 Senate: Rec. of Gov's recommendation agreed to (39-Y 0-N)
- 04/22/98 Senate: VOTE: RECONSIDER R (39-Y 0-N)
- 04/22/98 Senate: Senate concurred in Gov's recommendation (39-Y 0-N)
- 04/22/98 Senate: VOTE: ADOPT GOV. RECOMM. R (39-Y 0-N)
- 04/22/98 House: House concurred in Gov's recommendation # 1,2 (92-Y 5-N)
- 04/22/98 House: VOTE: ADOPTION (92-Y 5-N)
- 04/22/98 House: House rejected Gov's recommendation # 3 (42-Y 52-N)
- 04/22/98 House: VOTE: REJECTED (42-Y 52-N)
- 04/22/98 Senate: Communicated to Governor
- 04/23/98 Senate: Reenrolled bill text (SB476ER)
- 05/04/98 Senate: Reenrolled
- 05/05/98 Senate: Signed by President as reenrolled
- 05/06/98 House: Signed by Speaker as reenrolled
- 05/23/98 Governor: Vetoed by Governor