A. Biennially in the odd-numbered years, on a date established by the Governor, each of the several state agencies and other agencies and undertakings receiving or asking financial aid from the Commonwealth shall report to the Governor, through the responsible secretary designated by statute or executive order, in a format prescribed for such purpose, an estimate in itemized form in accordance with the expenditure classification adopted by the Governor, showing the amount needed for each year of the ensuing biennial period beginning with the first day of July. The Governor may prescribe targets that shall not be exceeded in the official estimate of each agency; however, an agency may submit to the Governor a request for an amount exceeding the target as an addendum to its official budget estimate.
B. Each agency or undertaking required to submit a biennial estimate pursuant to subsection A shall simultaneously submit an estimate of the amount that will be needed for the two succeeding biennial periods beginning July 1 of the third year following the year in which the estimate is submitted. The Department shall provide, within thirty days following receipt, copies of all agency estimates provided under this subsection to the chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.
C. The format used in making these estimates shall (i) be prescribed by the Governor, shall (ii) be uniform for all agencies, and (iii) clearly designate the kind of information to be given. The Governor may prescribe a different format for estimates from institutions of higher education, which format shall be uniform for all such institutions and shall clearly designate the kind of information to be provided.
Code 1950, § 2-48; 1964, c. 125; 1966, c. 677, § 2.1-54; 1968, c. 683; 1975, c. 325; 1976, c. 760, § 2.1-394; 1979, c. 283; 1992, c. 582; 1993, c. 724; 1998, c. 467; 2001, c. 844.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 15 - Department of Planning and Budget
§ 2.2-1500. Department of Planning and Budget created; appointment of Director; powers and duties
§ 2.2-1501. Duties of Department
§ 2.2-1501.1. Additional duties of Department; commercial activities list
§ 2.2-1502. Establishing regulations for preplanning of capital outlay projects
§ 2.2-1502.1. School efficiency review program
§ 2.2-1503. Filing of six-year revenue plan by Governor
§ 2.2-1503.1. Filing of six-year financial outline by Governor
§ 2.2-1503.3. Reestimate of general fund revenues
§ 2.2-1504. Estimates by state agencies of amounts needed
§ 2.2-1505. Estimates by nonstate agencies of amounts needed
§ 2.2-1506. Estimates of financial needs of General Assembly and judiciary
§ 2.2-1507. Participation of certain agencies in budget development process of other agencies
§ 2.2-1508. Submission of executive budget to General Assembly
§ 2.2-1509.1. Budget bill to include appropriations for capital outlay projects
§ 2.2-1509.2. Budget Bill to include amounts diverted from Commonwealth Transportation Fund
§ 2.2-1509.3. Budget bill to include appropriations for major information technology projects
§ 2.2-1509.4. Budget bill to include an appropriation for land preservation
§ 2.2-1510. Publication of budget highlights; public hearings
§ 2.2-1511. Consideration of budget by committees
§ 2.2-1512. Financial statements by Comptroller
§ 2.2-1513. Submission of additional information to legislative committees
§ 2.2-1514. (Contingent expiration date) Commitment of general fund for nonrecurring expenditures
§ 2.2-1514. (Contingent effective date) Commitment of general fund for nonrecurring expenditures