2020 Session

Budget Amendments - HB29 (Conference Report)

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Supplemental Revenue Reserve Voluntary Deposit

Item 266 #2c

Item 266 #2c

First Year - FY2019 Second Year - FY2020
Department of Accounts Transfer Payments FY2019 $0 FY2020 $182,000,000 GF

Page 86, line 10, strike "$493,603,374" and insert "$675,603,374".

Page 86, line 17, strike “$493,603,374" and insert “$715,603,374".

Page 86, line 19, after "Code of Virginia" strike the remainder of line.

Page 86, strike lines 19 and 20 and insert:

".  Any mandatory deposit to the Revenue Stabilization Fund resulting from revenue growth in fiscal year 2020 may be funded from the amounts appropriated to the Revenue Reserve in this paragraph if fiscal year 2020 uncommitted, excess year-end revenues are insufficient for such purpose."


(This amendment adds $182,000,000 to the amount appropriated for a voluntary deposit to the Revenue Reserve Fund in fiscal year 2020. Language states that the funds are being set aside in the Reserve Fund but may be transferred to the Revenue Stabilization Fund (Rainy Day Fund) if the deposit requirement is triggered.)