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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


12/11/2006Prefiled and ordered printed; offered 01/10/07 077425824
12/11/2006Referred to Committee on General Laws and Technology
01/18/2007Impact statement from DPB (SB760)
01/19/2007Constitutional reading dispensed (39-Y 0-N)
01/19/2007VOTE: (39-Y 0-N) (see vote tally)
01/22/2007Read second time
01/22/2007Reading of amendment waived
01/22/2007Committee amendment agreed to
01/22/2007Engrossed by Senate as amended SB760E
01/22/2007Printed as engrossed 077425824-E
01/23/2007Motion to rerefer to committee agreed to
01/23/2007Rereferred to Finance
01/26/2007Impact statement from DPB (SB760E)