Constitutional amendment; limits appropriations in fiscal year to preceding year's (1st reference). (HJ724)

Introduced By

Del. Todd Gilbert (R-Woodstock) with support from co-patron Del. Mark Cole (R-Fredericksburg)


Passed Committee
Passed House
Passed Senate


Constitutional amendment (first resolution); limit on appropriations. Limits total appropriations in any fiscal year to the preceding year's total appropriations plus a percentage increase equal to the past two years' average increase in the rate of inflation plus the average percentage increase in population. The amendment provides that any revenues collected in excess of the limitation shall be distributed: 75 percent to be refunded to individual income taxpayers and 25 percent to the Revenue Stabilization Trust Fund. "Total appropriations" is defined to exclude moneys appropriated that are received from the federal government or an agency or unit thereof. If the amount in excess of the limitation is less than or equal to one percent of the limitation, the total excess shall be deposited to the Revenue Stabilization Fund if that Fund has not reached its constitutional limit, or if that Fund has reached its limit, the excess shall be appropriated to the general fund. Read the Bill »


02/06/2009: Merged into HB1598


01/14/2009Prefiled and ordered printed; offered 01/14/09 096578516
01/14/2009Referred to Committee on Rules
01/20/2009Referred from Rules
01/20/2009Referred to Committee on Privileges and Elections
01/21/2009Assigned P & E sub: Constitutional
02/02/2009Subcommittee recommends incorporating into HJ789 by voice vote
02/06/2009Incorporated by Privileges and Elections (HJ789-Loupassi)


Virginia Interfaith Center for Public Policy, tracking this bill in Photosynthesis, notes:

The Virginia Interfaith Center is monitoring this bill.

Nonprofit NoVA, tracking this bill in Photosynthesis, notes: