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