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2005 Session

Budget Amendments - HB1500 (Conference Report)

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Title page (language only)

Item 0 #1c

Item 0 #1c

Revenues
Revenues

Language
Page 1, strike lines 4 and 5 and insert:
"A BILL to amend Chapter 4, Acts of Assembly, 2004, Special Session I, and to amend and reenact § 58.1-615 of the Code of Virginia, relating to the appropriation of funds for the 2004-06 biennium for the two years ending respectively on the thirtieth day of June 2005 and the thirtieth day of June 2006 and the provision of a portion of such funds."
Page 1, line 22, after "§4-12.00" strike  "and Enactment No. 5" and insert:
"and Enactments No. 2, No. 4, and No. 5".
Page 1, line 29, after "C-196.10" and insert:
"and by adding a sixth enactment clause".
Page 1, strike lines 44 through 52 and insert:
"First Year Second Year Total
Unreserved Balance, June 30, 2004 $677,089,000 $0 $677,089,000
Additions to Balance ($126,644,221) $30,716,691 ($89,927,530)
Official Revenue Estimates $13,142,249,323 $13,313,511,116 $26,455,760,439
Lottery Proceeds Fund $423,500,000 $441,800,000 $865,300,000
Transfers $314,323,678 $397,307,422 $711,631,100
Total General Fund Resources
Available for Appropriation $14,436,517,780 $14,183,335,229 $28,619,853,009".
Page 2, strike lines 1 through 5
Page 2, strike lines 7 through 18 and insert:
First Year Second Year Total
Balance, June 30, 2004 $2,596,134,796 $0 $2,596,134,796
Official Revenue Estimates $16,441,814,125 $17,216,803,150 $33,658,617,275
Bond Proceeds $1,208,894,290 $150,222,600 $1,359,116,890
Total Nongeneral Fund Revenues
Available for Appropriation $20,246,843,211 $17,367,025,750 $37,613,868,961
TOTAL PROJECTED REVENUES $34,683,360,991 $31,550,360,979 $66,233,721,970".


Explanation
(This amendment reflects general fund and nongeneral fund revenue adjustments included in amendments to House Bill 1500/Senate Bill 700, as introduced and provides the necessary reference to accelerated sales tax changes which are contained in Item 4-12.00.)