Constitutional amendment; limit on taxes or revenues and Revenue Stabilization Fund. (SB362)

Introduced By

Sen. George Barker (D-Alexandria)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Constitutional amendment (voter referendum); limit on taxes or revenues and the Revenue Stabilization Fund.  Provides for a referendum at the November 2010 election on the approval of a proposed constitutional amendment relating to the limit on the size of the Revenue Stabilization Fund. The proposed amendment increases the permissible size of the Fund by 50 percent; i.e., from 10 percent to 15 percent of the Commonwealth's average annual tax revenues derived from income and sales taxes for the preceding three fiscal years. Read the Bill »


Bill Has Passed


01/12/2010Prefiled and ordered printed; offered 01/13/10 10102586D
01/12/2010Referred to Committee on Privileges and Elections
01/25/2010Assigned to P&E sub: Constitutional Amendments, Reapportionment, Referenda
01/26/2010Reported from Privileges and Elections (15-Y 0-N) (see vote tally)
01/26/2010Rereferred to Finance
02/02/2010Reported from Finance (15-Y 0-N) (see vote tally)
02/03/2010Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/04/2010Read second time and engrossed
02/08/2010Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/15/2010Impact statement from DPB (SB362)
02/16/2010Placed on Calendar
02/16/2010Read first time
02/16/2010Referred to Committee on Privileges and Elections
02/17/2010Assigned P & E sub: #1 Constitutional
02/22/2010Subcommittee recommends reporting (5-Y 0-N)
02/26/2010Reported from Privileges and Elections (20-Y 0-N) (see vote tally)
03/01/2010Read second time
03/02/2010Read third time
03/02/2010Passed House BLOCK VOTE (99-Y 0-N)
03/02/2010VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/10/2010Bill text as passed Senate and House (SB362ER)
03/10/2010Signed by Speaker
03/11/2010Impact statement from DPB (SB362ER)
03/12/2010Signed by President
03/18/2010Impact statement from DPB (SB362ER)
04/11/2010G Approved by Governor-Chapter 606 (effective 7/1/10)
04/11/2010G Approved by Governor-Chapter 606 (effective - see bill)
04/11/2010G Acts of Assembly Chapter text (CHAP0606)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 35 seconds.

Duplicate Bills

The following bills are identical to this one: HB147.