General fund appropriations; automatic reduction by Governor. (HB108)

Introduced By

Del. Bob Purkey (R-Virginia Beach) with support from co-patron Del. Jeff Frederick (R-Woodbridge)

Progress

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

Description

Automatic reduction in general fund appropriations by Governor. Requires the Governor, whenever general fund revenue collections for a period of six months or more show that year-to-date revenue growth is in excess of 1% below the official estimate upon which the appropriation act is based for such fiscal year, to institute an across-the-board percentage reduction in general fund appropriations to all executive branch agencies, which shall equal at least one-half of the revenue shortfall. Such action shall be communicated to the chairmen of the money committees within five days of its adoption. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/22/2005Prefiled and ordered printed; offered 01/11/06 063676472
12/22/2005Referred to Committee on Appropriations
01/23/2006Fiscal impact statement from DPB (HB108)
02/15/2006Left in Appropriations