HB5097: General fund; use of year-end balance to be designated by Comptroller.

Chief Patron

Del. Vince Callahan (R-34)

Vince Callahan (R-34)
McLean, VA
Served: 1968–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

Bill is Dead

View Entire History

Summary

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.   View Full Text »