2010 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Plum
Rainy Day Fund for GOF (language only)

Item 256 #1h

Item 256 #1h

Accounts Transfer Payments, Department of

Page 161, after line 46, insert:
"C. If any amount is withdrawn from the revenue stabilization fund pursuant to the provisions of Article X, Section 8 of the Constitution of Virginia, ten percent of such amount shall be deposited into the Governor's Development Opportunity Fund established pursuant to § 2.2-115, Code of Virginia.  These amounts shall supplement amounts already appropriated for and deposited into the Fund and shall not be used to supplant other amounts appropriated for such activities."

(This amendment directs that of any amount withdrawn from the Rainy Day Fund within the provisions of law, ten percent of the amount shall be appropriated for the Governor's Opportunity Fund for economic development. These amounts are to be used to supplement, not supplant amounts already appropriated to the Fund.)