Virginia Senate Bill 220 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-02-08 - Senate: Continued to 2013 in Finance (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Assignment of year-end surplus. Changes the priority for assigning any year-end surplus by requiring that of any general fund balance remaining after funds are set aside for required deposits to the Revenue Stabilization Fund, 50 percent would be assigned for deposit into the Transportation Trust Fund. If any surplus remains after such assignments, the remainder would be assigned to the Virginia Water Quality Improvement Fund and other commitments, including commitments to certain public institutions of higher education. Under current law, any year-end surplus is first assigned for deposit to the Revenue Stabilization Fund, the Virginia Water Quality Improvement Fund, and other commitments, including commitments to certain public institutions of higher education. If any surplus remains after such assignments, the remainder is assigned two-thirds for deposit into the Transportation Trust Fund and one-third for funding nonrecurring expenditures.

General fund; assignment of year-end surplus.

Sen. Richard Black [R]

2012-02-08 - Senate - Senate: Continued to 2013 in Finance (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2012-02-08		Senate: Continued to 2013 in Finance (15-Y 0-N)
2012-01-10		Senate: Referred to Committee on Finance
2012-01-10		Senate: Prefiled and ordered printed; offered 01/11/12 12102342D

Chapter	Article	Section	Citation Type	Statute Text
2	2	1514	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+SB220
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+SB220+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S05V0107+SB0220