Year-end surplus of general fund balance; changes priority of assignment. (SB1385)

Introduced By

Sen. Chuck Colgan (D-Manassas)

Progress

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

Description

Assignment of year-end surplus.  Changes the priority for assigning any year-end surplus by requiring that 10 percent of the general fund balance remaining after funds are set aside for required deposits to the Revenue Stabilization Fund, the Virginia Water Quality Improvement Fund, the Transportation Trust Fund, and other commitments would be assigned to provide funding to the Department of Veterans Services. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/14/2011Presented and ordered printed
01/14/2011Presented and ordered printed 11103074D
01/14/2011Referred to Committee on Finance
01/18/2011Impact statement from DPB (SB1385)
02/08/2011Left in Finance