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2002 Session

Budget Bill - SB29 (Introduced)

Department of Accounts

Item 270

Item 270 (Not set out)

First Year - FY2001Second Year - FY2002
Revenue Stabilization Fund (73500)$103,345,741$163,053,477
$187,091,474
Fund Sources:  
GeneralFY2001 $103,345,741FY2002 $163,053,477
$187,091,474

Authority: Title 2.1 2.2, Chapter 14 18, Article 2.1 4, Code of Virginia.


A.1. Out of this appropriation, $103,345,741 attributable to actual tax collections for FY 1999, as certified by the Auditor of Public Accounts, shall be paid by the State Comptroller on or before June 30, 2001, into the Revenue Stabilization Fund, pursuant to § 2.1-191.2 2.2-1829, Code of Virginia.


2. The remainder of this appropriation, estimated at $163,053,477 $187,091,474 attributable to actual tax collections for FY 2000, as certified by the Auditor of Public Accounts, shall be paid into the Revenue Stabilization Fund by the State Comptroller on or before June 30, 2002, based on the certification of the Auditor of Public Accounts of actual revenues for FY 2000 enactment of this act, pursuant to § 2.2-1829, Code of Virginia.


B. One-half of the balance of the Revenue Stabilization Fund, estimated at $467,000,000, is hereby appropriated in FY 2002, pursuant to § 2.2-1830, Code of Virginia. The State Comptroller shall deposit this sum into the general fund of the state treasury immediately subsequent to the payment required in the preceding Paragraph A.2.