Revenue Stabilization Fund and Revenue Reserve Fund; maximum amounts. (HB2354)

Introduced By

Del. Chris Jones (R-Suffolk)

Progress

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

Description

Revenue Stabilization Fund and Revenue Reserve Fund; maximum amounts. Provides that the combined funds in the Revenue Stabilization Fund and Revenue Reserve Fund shall not exceed 15 percent of average income and sales tax revenues for the past three years. Under current law, the amount in the Revenue Stabilization Fund shall not exceed 15 percent of average income and sales tax revenues for the past three years, and the amount in the Revenue Reserve Fund shall not exceed two percent of general fund revenues for the prior year. Amends § 2.2-1829, of the Code of Virginia. Read the Bill »

Status

01/14/2019: Awaiting a Vote in the Appropriations Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19101707D
01/08/2019Referred to Committee on Appropriations
01/14/2019Assigned App. sub: General Government & Capital Outlay

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)