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. Read the Bill »

Outcome

Bill Has Passed

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
01/23/2019Impact statement from DPB (HB2354)
01/23/2019Reported from Appropriations (20-Y 0-N) (see vote tally)
01/23/2019Subcommittee recommends reporting (8-Y 0-N)
01/25/2019Read first time
01/28/2019Read second time and engrossed
01/29/2019Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/29/2019VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/30/2019Constitutional reading dispensed
01/30/2019Referred to Committee on Finance
02/12/2019Reported from Finance (15-Y 0-N) (see vote tally)
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed Senate
02/14/2019Read third time
02/14/2019Passed Senate (40-Y 0-N) (see vote tally)
02/19/2019Enrolled
02/19/2019Bill text as passed House and Senate (HB2354ER)
02/19/2019Impact statement from DPB (HB2354ER)
02/19/2019Signed by Speaker
02/20/2019Signed by President
02/21/2019G Governor's Action Deadline Midnight, March 25, 2019
02/21/2019Enrolled Bill communicated to Governor on February 21, 2019
02/21/2019G Governor's Action Deadline Midnight, March 26, 2019
03/12/2019G Approved by Governor-Chapter 347 (effective 7/1/19)
03/12/2019G Acts of Assembly Chapter text (CHAP0347)

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