Va. Code Ann. § 2.2-1830
This is the official text of Va. Code Ann. § 2.2-1830, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Decline in forecasted revenues
Official statutory text
In the event that a revised general fund forecast presented to the General Assembly reflects a decline when compared to total general fund revenues appropriated, and the decrease is more than two percent of certified tax revenues collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the Fund to the general fund to stabilize the revenues of the Commonwealth. However, in no event shall the transfer exceed more than one-half of the forecasted shortfall in revenues.
1992, c. 316, § 2.1-191.3; 2001, c. 844 .
1992, c. 316, § 2.1-191.3; 2001, c. 844 .
Status: in_force · Read it on the official government site
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