2010 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Wampler
Revenue Stabilization Fund Deposit

Item 256 #1s

Item 256 #1s

First Year - FY2011 Second Year - FY2012
Accounts Transfer Payments, Department of FY2011 $0 FY2012 ($40,000,000) GF

Page 161, strike lines 33 through 46 and insert:  
"B. Pursuant to Article X, Section 8 of the Constitution of Virginia and §2.2-1829 of the Code of Virginia, the Auditor of Public Accounts shall certify the required deposit to the Revenue Stabilization Fund attributable to actual tax collections for the fiscal year ending June 30, 2011, and the 2012 General Assembly shall take action consistent with the Auditor's certification."

(This amendment stipulates that the mandatory deposit to the Revenue Stabilization Fund will be made in accordance with Constitutional and statutory provisions, rather than being made a year early.)