Transportation Trust Fund; increases amount of general fund surplus. (SB600)

Introduced By

Sen. Frank Wagner (R-Virginia Beach) with support from co-patrons Sen. Harry Blevins (R-Chesapeake), Sen. Steve Martin (R-Chesterfield), Sen. Jeff McWaters (R-Virginia Beach), Sen. Ralph Smith (R-Roanoke), and Sen. Jill Holtzman Vogel (R-Winchester)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Designation of annual surplus to the Transportation Trust Fund.  Increases from two-thirds to 75 percent the amount of the general fund surplus designated to the Transportation Trust Fund within the Comptroller's annual report following the close of each fiscal year. The governor would include in his budget bill an amount for deposit into the Transportation Trust Fund equivalent to the amount designated by the Comptroller. Amends § 2.2-1514, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2010Presented and ordered printed 10102269D
01/13/2010Referred to Committee on Finance
02/01/2010Impact statement from DPB (SB600)
02/02/2010Failed to report (defeated) in Finance (6-Y 9-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB970.