Friday, September 5, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
HB1940: Transportation Trust Fund; designation of budget surplus.
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding in Chapter 15 of Title 2.2 a section numbered 2.2-1515 as follows:
§ 2.2-1515. Designation of budget surplus for highway construction.
At the end of the second fiscal year in every two-year budget cycle, the Comptroller shall designate within his annual report pursuant to § 2.2-813 an amount for new highway construction that shall equal the amount of general fund surplus revenues remaining that are otherwise unappropriated. Such designation shall be made only if the full amounts required in § 2.2-1514 have been set aside.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.