In the event that a revised general fund forecast presented to the General Assembly reflects a decline when compared to total general fund revenues appropriated, and the decrease is more than two percent of certified tax revenues collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the Fund to the general fund to stabilize the revenues of the Commonwealth. However, in no event shall the transfer exceed more than one-half of the forecasted shortfall in revenues.
1992, c. 316, § 2.1-191.3; 2001, c. 844.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 18 - Department of the Treasury
§ 2.2-1800. Department of the Treasury; State Treasurer
§ 2.2-1801. State Treasurer to appoint administrative assistants, etc.
§ 2.2-1803. State Treasurer; regulation procedures for depositing money
§ 2.2-1805. Records of receipts of such checks, etc.; reports to Comptroller
§ 2.2-1807. Investments, etc., in custody of State Treasurer
§ 2.2-1808. State Treasurer may sell securities in general fund; exceptions; disposition of proceeds
§ 2.2-1809. Warrants on state treasury to be listed and numbered
§ 2.2-1810. State Treasurer to keep accounts with depositories
§ 2.2-1811. Unpresented checks drawn by State Treasurer; replacement and payment
§ 2.2-1812. Admissibility of reproductions of checks in evidence; compliance with subpoena
§ 2.2-1813. Deposits in banks and savings institutions designated as state depositories
§ 2.2-1814. Amount and time limit of deposits
§ 2.2-1815. Security to be given by depositories holding state funds
§ 2.2-1816. How public moneys transferred to depositories
§ 2.2-1817. Commonwealth shall not be liable for loss in collection of checks, etc.
§ 2.2-1821. Deposits to be to credit of State Treasurer; how money withdrawn
§ 2.2-1822. Conditions to issuance of disbursement warrants
§ 2.2-1822.1. Recovery audits of state contracts
§ 2.2-1823. Lump-sum transfers prohibited
§ 2.2-1824. Petty cash, payroll and other funds
§ 2.2-1826. Issuance of replacement warrants generally
§ 2.2-1827. When replacement warrant issued without bond
§ 2.2-1828. Creation of Revenue Stabilization Fund
§ 2.2-1829. Reports of Auditor of Public Accounts; Fund deposits and withdrawals
§ 2.2-1830. Decline in forecasted revenues
§ 2.2-1831. Sources or components of "general fund revenues."
§ 2.2-1831.2. Creation of Revenue Reserve Fund
§ 2.2-1831.3. Commitment of funds for Revenue Reserve Fund
§ 2.2-1831.4. Decline in forecasted revenues
§ 2.2-1831.5. Sources or components of general fund revenues
§ 2.2-1832. Division of Risk Management
§ 2.2-1833. Property and insurance records to be maintained
§ 2.2-1835. State Insurance Reserve Trust Fund
§ 2.2-1836. Insurance plan for state-owned buildings and state-owned contents of buildings
§ 2.2-1837. Risk management plan for public liability
§ 2.2-1838. Insurance of state motor vehicles
§ 2.2-1840. Blanket surety bond plan for state and local employees
§ 2.2-1841. Blanket surety bond plan for moneys under control of court