Page 532, after line 21, insert:
"§ 3-5.20 COMMITMENT FOR REVENUE CASH RESERVE
A. Notwithstanding the provisions of §2.2-1514, Code of Virginia, or any other provision of law, any general fund revenues collected and deposited for fiscal year 2017 that are in excess of the official general fund forecast contained in this act, shall be reflected by the Comptroller as committed on the June 30, 2017, preliminary balance sheet pursuant to the provisions of this enactment for the purpose of being added to the Revenue Cash Reserve established under Item 478.30 of this Act.
B. To determine the amounts that are to be committed, the comptroller shall first determine the general fund revenues that were collected in excess of the general fund revenue forecast in this act for fiscal year 2017 (“surplus revenues”). He shall then reduce those general fund revenues for the following adjustments:
1. Any amounts that must be restricted such as mandatory deposits to the Revenue Stabilization Fund.
2. Any amounts that normally would be committed or assigned pursuant to GASB standards.
3. Any amounts that must be committed for deposit to the Water Quality Improvement Fund from excess general fund revenue collections pursuant to §10.1-2128 A., Code of Virginia.
4. Any other amounts that are required to be committed or assigned pursuant to any other items or provisions of this act, which would include but are not limited to mandatory carryforwards, unexpended balances in capital projects, and balances required to be carried forward for fiscal year 2018.
C. The amount that remains, after deducting the amounts listed above in paragraphs B.1., through B.4., from the surplus revenues, shall be further reduced by fifty percent.
D. The comptroller shall then reflect the amount from the remaining fifty percent as a commitment on the preliminary balance sheet for the purpose of being added to the Revenue Cash Reserve established under Item 478.30 of this Act. To the degree not needed to mitigate any potential revenue shortfall in general fund revenue collections from the official general fund forecast contained in this act for fiscal year 2018, the committed funds shall be held in the Revenue Cash Reserve for a potential deposit to the Revenue Stabilization Fund, as may be required based on FY 2018 actual certified revenues.
E. The comptroller may draw against the balances of the Revenue Cash Reserve for an amount equal to any shortfall in general fund revenue collections from the official general fund forecast contained in this act for fiscal year 2018."