General fund revenue; year-end surplus use thereof. (SB760)
Introduced By
Sen. Walter Stosch (R-Glen Allen) with support from 8 copatrons, whose average partisan position is:
Those copatrons are Sen. Jeannemarie Devolites Davis (R-Vienna), Sen. Emmett Hanger (R-Mount Solon), Sen. Tommy Norment (R-Williamsburg), Sen. Jay O'Brien (R-Clifton), Sen. Fred Quayle (R-Suffolk), Sen. Ken Stolle (R-Virginia Beach), Sen. Frank Wagner (R-Virginia Beach), Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 deposit into the Highway Maintenance and Operating Fund. The bill would provide that the Comptroller make such designation only after amounts have been reserved and set aside for the Revenue Stabilization Fund, the Virginia Water Quality Improvement Fund, and other required designations. 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 for deposits into the Highway Maintenance and Operating Fund. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/11/2006 | Prefiled and ordered printed; offered 01/10/07 077425824 |
12/11/2006 | Referred to Committee on General Laws and Technology |
01/18/2007 | Impact statement from DPB (SB760) |
01/19/2007 | Constitutional reading dispensed (39-Y 0-N) |
01/19/2007 | VOTE: (39-Y 0-N) (see vote tally) |
01/22/2007 | Read second time |
01/22/2007 | Reading of amendment waived |
01/22/2007 | Committee amendment agreed to |
01/22/2007 | Engrossed by Senate as amended SB760E |
01/22/2007 | Printed as engrossed 077425824-E |
01/23/2007 | Motion to rerefer to committee agreed to |
01/23/2007 | Rereferred to Finance |
01/26/2007 | Impact statement from DPB (SB760E) |