Virginia § 2.2-1830 Decline in forecasted revenues

Virginia Statutes

§ 2.2-1830 — Decline in forecasted revenues

Virginia § 2.2-1830

JurisdictionVirginia

Title 2.2ADMINISTRATION OF GOVERNMENT

Subtitle IORGANIZATION OF STATE GOVERNMENT

Ch. 18DEPARTMENT OF THE TREASURY

Art. 4REVENUE STABILIZATION FUND

Part CSTATE AGENCIES RELATED TO THE GENERAL OPERATION OF GOVERNMENT

This text of Virginia § 2.2-1830 (Decline in forecasted revenues) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 2.2-1830 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.