{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1503.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1503.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1503.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1503.1.html"}],"law_id":55362,"edition_id":1,"section_id":55362,"structure_id":14185,"section_number":"2.2-1503.1","catch_line":"Filing of six-year financial outline by Governor","history":"2002, cc. 480, 486; 2024, cc. 203, 238; 2025, c. 636.","full_text":"A\n\nOn or before the first day of each regular session of the General Assembly, the Governor shall prepare and submit to the members of the General Assembly a financial plan for a prospective period of six years. The plan shall consist of (i) the Governor’s biennial budget submitted pursuant to subsection A of § 2.2-1508; (ii) (a) estimates of anticipated general fund and nongeneral fund revenue prepared for an additional period of four years pursuant to § 2.2-1503, (b) alternative estimates of general and nongeneral fund revenues based on the below-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates, and (c) revenue estimates for the general fund and nongeneral fund based on the above-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates; and (iii) estimates of the general and nongeneral fund appropriations required for each major program for an additional period of four years. In preparing such financial plan, the Governor may utilize the estimate prepared by each agency pursuant to § 2.2-1504, or such other information as he may deem necessary.B\n\nThe financial plan required by this section shall ensure a structural balance between the projected revenues described in clause (ii) of subsection A and the projected expenditures described in clause (iii) of subsection A consistent with the provisions of Article X, Section 7 of the Constitution of Virginia.","order_by":null,"text":{"0":{"id":202996,"text":"On or before the first day of each regular session of the General Assembly, the Governor shall prepare and submit to the members of the General Assembly a financial plan for a prospective period of six years. The plan shall consist of (i) the Governor’s biennial budget submitted pursuant to subsection A of § 2.2-1508; (ii) (a) estimates of anticipated general fund and nongeneral fund revenue prepared for an additional period of four years pursuant to § 2.2-1503, (b) alternative estimates of general and nongeneral fund revenues based on the below-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates, and (c) revenue estimates for the general fund and nongeneral fund based on the above-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates; and (iii) estimates of the general and nongeneral fund appropriations required for each major program for an additional period of four years. In preparing such financial plan, the Governor may utilize the estimate prepared by each agency pursuant to § 2.2-1504, or such other information as he may deem necessary.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":202997,"text":"The financial plan required by this section shall ensure a structural balance between the projected revenues described in clause (ii) of subsection A and the projected expenditures described in clause (iii) of subsection A consistent with the provisions of Article X, Section 7 of the Constitution of Virginia.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14185,"edition_id":1,"name":"Department of Planning and Budget","identifier":"15","label":"chapter","depth":4,"order_by":1,"parent_id":13092,"metadata":{},"date_created":"2026-06-26 03:47:10","date_modified":"2026-06-26 03:47:10","permalink":{"id":172941,"object_type":"structure","relational_id":14185,"identifier":"15","token":"2.2\/I\/C\/15","url":"\/2.2\/I\/C\/15\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13092,"edition_id":1,"name":"State Agencies Related to the General Operation of Government","identifier":"C","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:44:16","date_modified":"2026-06-26 03:44:16","permalink":{"id":172453,"object_type":"structure","relational_id":13092,"identifier":"C","token":"2.2\/I\/C","url":"\/2.2\/I\/C\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":64095,"structure_id":14185,"section_number":"2.2-1500","catch_line":"Department of Planning and Budget created; appointment of Director; powers and duties","url":"\/2.2-1500\/","token":"2.2\/I\/C\/15\/2.2-1500","metadata":false},{"id":68418,"structure_id":14185,"section_number":"2.2-1501","catch_line":"Duties of Department","url":"\/2.2-1501\/","token":"2.2\/I\/C\/15\/2.2-1501","metadata":false},{"id":57330,"structure_id":14185,"section_number":"2.2-1501.1","catch_line":"Additional duties of Department; commercial activities list","url":"\/2.2-1501.1\/","token":"2.2\/I\/C\/15\/2.2-1501.1","metadata":false},{"id":71030,"structure_id":14185,"section_number":"2.2-1502","catch_line":"Establishing regulations for preplanning of capital outlay projects","url":"\/2.2-1502\/","token":"2.2\/I\/C\/15\/2.2-1502","metadata":false},{"id":78155,"structure_id":14185,"section_number":"2.2-1502.1","catch_line":"School efficiency review program","url":"\/2.2-1502.1\/","token":"2.2\/I\/C\/15\/2.2-1502.1","metadata":false},{"id":68140,"structure_id":14185,"section_number":"2.2-1503","catch_line":"Filing of six-year revenue plan by Governor","url":"\/2.2-1503\/","token":"2.2\/I\/C\/15\/2.2-1503","metadata":false},{"id":55362,"structure_id":14185,"section_number":"2.2-1503.1","catch_line":"Filing of six-year financial outline by Governor","url":"\/2.2-1503.1\/","token":"2.2\/I\/C\/15\/2.2-1503.1","metadata":false},{"id":78679,"structure_id":14185,"section_number":"2.2-1503.2","catch_line":"Repealed","url":"\/2.2-1503.2\/","token":"2.2\/I\/C\/15\/2.2-1503.2","metadata":false},{"id":56313,"structure_id":14185,"section_number":"2.2-1503.3","catch_line":"Reestimate of general fund revenues","url":"\/2.2-1503.3\/","token":"2.2\/I\/C\/15\/2.2-1503.3","metadata":false},{"id":78334,"structure_id":14185,"section_number":"2.2-1504","catch_line":"Estimates by state agencies of amounts needed","url":"\/2.2-1504\/","token":"2.2\/I\/C\/15\/2.2-1504","metadata":false},{"id":68134,"structure_id":14185,"section_number":"2.2-1505","catch_line":"Estimates by nonstate agencies of amounts needed","url":"\/2.2-1505\/","token":"2.2\/I\/C\/15\/2.2-1505","metadata":false},{"id":65675,"structure_id":14185,"section_number":"2.2-1506","catch_line":"Estimates of financial needs of General Assembly and judiciary","url":"\/2.2-1506\/","token":"2.2\/I\/C\/15\/2.2-1506","metadata":false},{"id":57408,"structure_id":14185,"section_number":"2.2-1507","catch_line":"Participation of certain agencies in budget development process of other agencies","url":"\/2.2-1507\/","token":"2.2\/I\/C\/15\/2.2-1507","metadata":false},{"id":57376,"structure_id":14185,"section_number":"2.2-1508","catch_line":"Submission of executive budget to General Assembly","url":"\/2.2-1508\/","token":"2.2\/I\/C\/15\/2.2-1508","metadata":false},{"id":59447,"structure_id":14185,"section_number":"2.2-1509","catch_line":"Budget Bill","url":"\/2.2-1509\/","token":"2.2\/I\/C\/15\/2.2-1509","metadata":false},{"id":84828,"structure_id":14185,"section_number":"2.2-1509.1","catch_line":"Budget bill to include appropriations for capital outlay projects","url":"\/2.2-1509.1\/","token":"2.2\/I\/C\/15\/2.2-1509.1","metadata":false},{"id":75071,"structure_id":14185,"section_number":"2.2-1509.2","catch_line":"Budget Bill to include amounts diverted from Commonwealth Transportation Fund","url":"\/2.2-1509.2\/","token":"2.2\/I\/C\/15\/2.2-1509.2","metadata":false},{"id":62081,"structure_id":14185,"section_number":"2.2-1509.3","catch_line":"Budget bill to include appropriations for major information technology projects","url":"\/2.2-1509.3\/","token":"2.2\/I\/C\/15\/2.2-1509.3","metadata":false},{"id":80925,"structure_id":14185,"section_number":"2.2-1509.4","catch_line":"Budget bill to include an appropriation for land preservation","url":"\/2.2-1509.4\/","token":"2.2\/I\/C\/15\/2.2-1509.4","metadata":false},{"id":74586,"structure_id":14185,"section_number":"2.2-1510","catch_line":"Publication of budget highlights; public hearings","url":"\/2.2-1510\/","token":"2.2\/I\/C\/15\/2.2-1510","metadata":false},{"id":72221,"structure_id":14185,"section_number":"2.2-1511","catch_line":"Consideration of budget by committees","url":"\/2.2-1511\/","token":"2.2\/I\/C\/15\/2.2-1511","metadata":false},{"id":70365,"structure_id":14185,"section_number":"2.2-1512","catch_line":"Financial statements by Comptroller","url":"\/2.2-1512\/","token":"2.2\/I\/C\/15\/2.2-1512","metadata":false},{"id":83108,"structure_id":14185,"section_number":"2.2-1513","catch_line":"Submission of additional information to legislative committees","url":"\/2.2-1513\/","token":"2.2\/I\/C\/15\/2.2-1513","metadata":false},{"id":81573,"structure_id":14185,"section_number":"2.2-1514","catch_line":"(Contingent effective date) Commitment of general fund for nonrecurring expenditures","url":"\/2.2-1514\/","token":"2.2\/I\/C\/15\/2.2-1514","metadata":false}],"previous_section":{"id":68140,"structure_id":14185,"section_number":"2.2-1503","catch_line":"Filing of six-year revenue plan by Governor","url":"\/2.2-1503\/","token":"2.2\/I\/C\/15\/2.2-1503","metadata":false},"next_section":{"id":78679,"structure_id":14185,"section_number":"2.2-1503.2","catch_line":"Repealed","url":"\/2.2-1503.2\/","token":"2.2\/I\/C\/15\/2.2-1503.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1503.1\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapters 480<\/a> and 486<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2024, chapters 203<\/a> and 238<\/a>; in 2025, chapter 636<\/a>.<\/p>","references":false,"refers_to":[{"id":68140,"section_number":"2.2-1503","catch_line":"Filing of six-year revenue plan by Governor","order_by":null,"url":"\/2.2-1503\/"},{"id":78334,"section_number":"2.2-1504","catch_line":"Estimates by state agencies of amounts needed","order_by":null,"url":"\/2.2-1504\/"},{"id":57376,"section_number":"2.2-1508","catch_line":"Submission of executive budget to General Assembly","order_by":null,"url":"\/2.2-1508\/"}],"permalink":{"id":172967,"object_type":"law","relational_id":55362,"identifier":"2.2-1503.1","token":"2.2\/I\/C\/15\/2.2-1503.1","url":"\/2.2-1503.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1503.1\/","token":"2.2\/I\/C\/15\/2.2-1503.1","dublin_core":{"Title":"Filing of six-year financial outline by Governor","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1503.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> On or before the first day of each regular session of the General Assembly, the Governor shall prepare and submit to the members of the General Assembly a financial plan for a prospective period of six years. The plan shall consist of (i) the Governor’s biennial budget submitted pursuant to subsection A of § 2.2-1508<\/a>; (ii) (a) estimates of anticipated general fund and nongeneral fund revenue prepared for an additional period of four years pursuant to § 2.2-1503<\/a>, (b) alternative estimates of general and nongeneral fund revenues based on the below-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates, and (c) revenue estimates for the general fund and nongeneral fund based on the above-baseline economic assumptions presented to the Governor’s Advisory Council on Revenue Estimates; and (iii) estimates of the general and nongeneral fund appropriations required for each major program for an additional period of four years. In preparing such financial plan, the Governor may utilize the estimate prepared by each agency pursuant to § 2.2-1504<\/a>, or such other information as he may deem necessary. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The financial plan required by this section shall ensure a structural balance between the projected revenues described in clause (ii) of subsection A and the projected expenditures described in clause (iii) of subsection A consistent with the provisions of Article X, Section 7 of the Constitution of Virginia. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFILING OF SIX-YEAR FINANCIAL OUTLINE BY GOVERNOR (\u00a7 2.2-1503.1)\n\nA. On or before the first day of each regular session of the General Assembly,\nthe Governor shall prepare and submit to the members of the General Assembly a\nfinancial plan for a prospective period of six years. The plan shall consist of\n(i) the Governor’s biennial budget submitted pursuant to subsection A of\n§ 2.2-1508; (ii) (a) estimates of anticipated general fund and nongeneral\nfund revenue prepared for an additional period of four years pursuant to §\n2.2-1503, (b) alternative estimates of general and nongeneral fund revenues\nbased on the below-baseline economic assumptions presented to the\nGovernor’s Advisory Council on Revenue Estimates, and (c) revenue\nestimates for the general fund and nongeneral fund based on the above-baseline\neconomic assumptions presented to the Governor’s Advisory Council on\nRevenue Estimates; and (iii) estimates of the general and nongeneral fund\nappropriations required for each major program for an additional period of four\nyears. In preparing such financial plan, the Governor may utilize the estimate\nprepared by each agency pursuant to § 2.2-1504, or such other information\nas he may deem necessary.\n\nB. The financial plan required by this section shall ensure a structural balance\nbetween the projected revenues described in clause (ii) of subsection A and the\nprojected expenditures described in clause (iii) of subsection A consistent with\nthe provisions of Article X, Section 7 of the Constitution of Virginia.\n\nHISTORY: 2002, cc. 480, 486; 2024, cc. 203, 238; 2025, c. 636.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}