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2001 Session

Budget Amendments - SB800 (Committee Approved)

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General Fund Revenue Forecast (language only)

Item 4-2.02 #2s

Item 4-2.02 #2s

Revenues
General Fund Revenue

Language
Page 585, after line 28, insert:
"b.  GENERAL FUND REVENUE FORECAST
Notwithstanding any contrary provision of law, the amounts to be included in the general fund revenue calculations for purposes of subsection C of §58.1-3524 and subsection B of §58.1-3536, Code of Virginia, shall consist of (i) all state taxes, including penalties and interest, required and/or authorized to be collected and paid into the general fund of the state treasury pursuant to Title 58.1, Code of Virginia, (ii) permits, fees, licenses, fines, forfeitures, charges for services, and revenue from use of money and property required and/or authorized to be paid into the general fund of the state treasury, and (iii) amounts required to be desposited to the general fund of the state treasury pursuant to §4-2.02a.1., of this act.  However, in no case shall (i) lump-sum payments, (ii) one-time payments not generating from the normal operation of state government, or (iii) proceeds from the sale of state property or assets be included in the general fund revenue calculations for purposes of subsection C of §58.1.3524 and subsection B of §58.1-3536, Code of Virginia."
Line 29, strike "b" and insert "c"
Line 34, strike "c" and insert "d"


Explanation
(This amendment defines general fund revenues for purposes of calculating car tax triggers.)