{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1509.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1509.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1509.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1509.1.html"}],"law_id":84828,"edition_id":1,"section_id":84828,"structure_id":14185,"section_number":"2.2-1509.1","catch_line":"Budget bill to include appropriations for capital outlay projects","history":"2002, cc. 839, 888; 2008, Sp. Sess. I, cc. 1, 2.","full_text":"A\n\nFor purposes of this section:\n\t\t\t&#8220;Projected general fund revenues&#8221; for a fiscal year means the estimated general fund revenues for such year as contained in the six-year revenue plan submitted in the prior calendar year pursuant to &#xA7; 2.2-1503.\n\t\t\t&#8220;Capital outlay project&#8221; means the same as that term is defined in &#xA7; 2.2-1515.B\n\nIn &#8220;The Budget Bill&#8221; submitted pursuant to \u00a7 2.2-1509, the Governor shall provide for the funding of capital outlay projects, as specified herein. Such funding recommendations shall be in addition to any appropriation for capital outlay projects from the Central Maintenance Reserve of the general appropriation act.1\n\nThe Governor shall include in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 a biennial appropriation for the capital outlay plan described in &#xA7; 2.2-1518. The biennial appropriation shall not be less than two percent of the projected general fund revenues for the biennium.\n\t\t\t\ta. When the projected general fund revenues for a fiscal year or years are eight percent or greater than the projected general fund revenues for the immediately preceding fiscal year the amount of the biennial appropriation for the capital outlay plan that the Governor shall provide from general fund revenues shall not be less than two percent of the projected general fund revenues for each fiscal year.\n\t\t\t\tb. When the projected general fund revenues for a fiscal year or years are at least five percent but less than eight percent greater than the projected general fund revenues for the immediately preceding fiscal year, the Governor may recommend funding of up to one-half of the required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings, and shall include in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 proposed appropriations from general fund revenues for the remaining one-half of the required biennial appropriation.\n\t\t\t\tc. When the projected general fund revenues for a fiscal year or years are less than five percent greater than the projected general fund revenues for the immediately preceding fiscal year, the Governor may recommend funding of up to the entire required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings.2\n\nIn implementing the provisions of this section, the amount of general funds to be included in the biennial appropriation for the capital outlay plan shall be calculated on a year-to-year basis, but may be apportioned on a biennial basis; provided, however, that the combined total of general fund appropriations and alternative financing mechanisms for the capital outlay plan included in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 shall equal at least two percent of the projected general fund revenues for the biennium.C\n\nThe capital outlay projects proposed under this section and to be included in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 shall be consistent, as far as practicable, with those capital outlay projects included in the corresponding fiscal year of the current six-year capital outlay plan described in &#xA7; 2.2-1518.","order_by":null,"text":{"0":{"id":303932,"text":"For purposes of this section:\n\t\t\t&#8220;Projected general fund revenues&#8221; for a fiscal year means the estimated general fund revenues for such year as contained in the six-year revenue plan submitted in the prior calendar year pursuant to &#xA7; 2.2-1503.\n\t\t\t&#8220;Capital outlay project&#8221; means the same as that term is defined in &#xA7; 2.2-1515.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":303933,"text":"In &#8220;The Budget Bill&#8221; submitted pursuant to \u00a7 2.2-1509, the Governor shall provide for the funding of capital outlay projects, as specified herein. Such funding recommendations shall be in addition to any appropriation for capital outlay projects from the Central Maintenance Reserve of the general appropriation act.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":303934,"text":"The Governor shall include in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 a biennial appropriation for the capital outlay plan described in &#xA7; 2.2-1518. The biennial appropriation shall not be less than two percent of the projected general fund revenues for the biennium.\n\t\t\t\ta. When the projected general fund revenues for a fiscal year or years are eight percent or greater than the projected general fund revenues for the immediately preceding fiscal year the amount of the biennial appropriation for the capital outlay plan that the Governor shall provide from general fund revenues shall not be less than two percent of the projected general fund revenues for each fiscal year.\n\t\t\t\tb. When the projected general fund revenues for a fiscal year or years are at least five percent but less than eight percent greater than the projected general fund revenues for the immediately preceding fiscal year, the Governor may recommend funding of up to one-half of the required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings, and shall include in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 proposed appropriations from general fund revenues for the remaining one-half of the required biennial appropriation.\n\t\t\t\tc. When the projected general fund revenues for a fiscal year or years are less than five percent greater than the projected general fund revenues for the immediately preceding fiscal year, the Governor may recommend funding of up to the entire required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings.","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":303935,"text":"In implementing the provisions of this section, the amount of general funds to be included in the biennial appropriation for the capital outlay plan shall be calculated on a year-to-year basis, but may be apportioned on a biennial basis; provided, however, that the combined total of general fund appropriations and alternative financing mechanisms for the capital outlay plan included in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 shall equal at least two percent of the projected general fund revenues for the biennium.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"C"},"4":{"id":303936,"text":"The capital outlay projects proposed under this section and to be included in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 shall be consistent, as far as practicable, with those capital outlay projects included in the corresponding fiscal year of the current six-year capital outlay plan described in &#xA7; 2.2-1518.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B2"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1509.1\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0839\">839<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0888\">888<\/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.<\/p>","references":[{"id":59447,"section_number":"2.2-1509","catch_line":"Budget Bill","order_by":null,"url":"\/2.2-1509\/"}],"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":59447,"section_number":"2.2-1509","catch_line":"Budget Bill","order_by":null,"url":"\/2.2-1509\/"},{"id":84054,"section_number":"2.2-1518","catch_line":"Governor to submit a tentative bill for a capital outlay plan; gubernatorial amendments proposed to the plan","order_by":null,"url":"\/2.2-1518\/"}],"permalink":{"id":173003,"object_type":"law","relational_id":84828,"identifier":"2.2-1509.1","token":"2.2\/I\/C\/15\/2.2-1509.1","url":"\/2.2-1509.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1509.1\/","token":"2.2\/I\/C\/15\/2.2-1509.1","dublin_core":{"Title":"Budget bill to include appropriations for capital outlay projects","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1509.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> For purposes of this section:\n\t\t\t&#8220;<span class=\"dictionary\">Projected general fund revenues<\/span>&#8221; for a fiscal year means the estimated general fund revenues for such year as contained in the six-year revenue plan submitted in the prior calendar year pursuant to &#xA7; <a class=\"law\" title=\"Filing of six-year revenue plan by Governor\" href=\"\/2.2-1503\/\">2.2-1503<\/a>.\n\t\t\t&#8220;<span class=\"dictionary\">Capital outlay project<\/span>&#8221; means the same as that term is defined in &#xA7; <a class=\"law\" title=\"Definitions\" href=\"\/2.2-1515\/\">2.2-1515<\/a>. <a id=\"paragraph-303932\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-1509.1\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> In &#8220;<span class=\"dictionary\">The Budget Bill<\/span>&#8221; submitted pursuant to \u00a7&nbsp;<a class=\"law\" title=\"Budget Bill\" href=\"\/2.2-1509\/\">2.2-1509<\/a>, the Governor shall provide for the funding of <span class=\"dictionary\">capital outlay projects<\/span>, as specified herein. Such funding recommendations shall be in addition to any appropriation for <span class=\"dictionary\">capital outlay projects<\/span> from the Central Maintenance Reserve of the general appropriation act. <a id=\"paragraph-303933\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-1509.1\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> The Governor shall include in &#8220;<span class=\"dictionary\">The Budget Bill<\/span>&#8221; submitted pursuant to &#xA7; <a class=\"law\" title=\"Budget Bill\" href=\"\/2.2-1509\/\">2.2-1509<\/a> a biennial appropriation for the capital outlay plan described in &#xA7; <a class=\"law\" title=\"Governor to submit a tentative bill for a capital outlay plan; gubernatorial amendments proposed to the plan\" href=\"\/2.2-1518\/\">2.2-1518<\/a>. The biennial appropriation shall not be less than two percent of the <span class=\"dictionary\">projected general fund revenues<\/span> for the biennium.\n\t\t\t\ta. When the <span class=\"dictionary\">projected general fund revenues<\/span> for a fiscal year or years are eight percent or greater than the <span class=\"dictionary\">projected general fund revenues<\/span> for the immediately preceding fiscal year the amount of the biennial appropriation for the capital outlay plan that the Governor shall provide from general fund revenues shall not be less than two percent of the <span class=\"dictionary\">projected general fund revenues<\/span> for each fiscal year.\n\t\t\t\tb. When the <span class=\"dictionary\">projected general fund revenues<\/span> for a fiscal year or years are at least five percent but less than eight percent greater than the <span class=\"dictionary\">projected general fund revenues<\/span> for the immediately preceding fiscal year, the Governor may recommend funding of up to one-half of the required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings, and shall include in &#8220;<span class=\"dictionary\">The Budget Bill<\/span>&#8221; submitted pursuant to &#xA7; <a class=\"law\" title=\"Budget Bill\" href=\"\/2.2-1509\/\">2.2-1509<\/a> proposed appropriations from general fund revenues for the remaining one-half of the required biennial appropriation.\n\t\t\t\tc. When the <span class=\"dictionary\">projected general fund revenues<\/span> for a fiscal year or years are less than five percent greater than the <span class=\"dictionary\">projected general fund revenues<\/span> for the immediately preceding fiscal year, the Governor may recommend funding of up to the entire required biennial appropriation from alternative financing mechanisms, including, but not limited to, bonded indebtedness. The Governor shall submit such bill or bills for consideration by the General Assembly as are necessary to implement such alternative financings. <a id=\"paragraph-303934\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-1509.1\/#B1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> In implementing the provisions of this section, the amount of general funds to be included in the biennial appropriation for the capital outlay plan shall be calculated on a year-to-year basis, but may be apportioned on a biennial basis; provided, however, that the combined total of general fund appropriations and alternative financing mechanisms for the capital outlay plan included in &#8220;<span class=\"dictionary\">The Budget Bill<\/span>&#8221; submitted pursuant to &#xA7; <a class=\"law\" title=\"Budget Bill\" href=\"\/2.2-1509\/\">2.2-1509<\/a> shall equal at least two percent of the <span class=\"dictionary\">projected general fund revenues<\/span> for the biennium. <a id=\"paragraph-303935\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-1509.1\/#B2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The <span class=\"dictionary\">capital outlay projects<\/span> proposed under this section and to be included in &#8220;<span class=\"dictionary\">The Budget Bill<\/span>&#8221; submitted pursuant to &#xA7; <a class=\"law\" title=\"Budget Bill\" href=\"\/2.2-1509\/\">2.2-1509<\/a> shall be consistent, as far as practicable, with those <span class=\"dictionary\">capital outlay projects<\/span> included in the corresponding fiscal year of the current six-year capital outlay plan described in &#xA7; <a class=\"law\" title=\"Governor to submit a tentative bill for a capital outlay plan; gubernatorial amendments proposed to the plan\" href=\"\/2.2-1518\/\">2.2-1518<\/a>. <a id=\"paragraph-303936\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-1509.1\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBUDGET BILL TO INCLUDE APPROPRIATIONS FOR CAPITAL OUTLAY PROJECTS (\u00a7\n2.2-1509.1)\n\nA. For purposes of this section:\n\t\t\t&#8220;Projected general fund revenues&#8221; for a fiscal year means the\nestimated general fund revenues for such year as contained in the six-year\nrevenue plan submitted in the prior calendar year pursuant to &#xA7; 2.2-1503.\n\t\t\t&#8220;Capital outlay project&#8221; means the same as that term is defined\nin &#xA7; 2.2-1515.\n\nB. In &#8220;The Budget Bill&#8221; submitted pursuant to \u00a7 2.2-1509, the\nGovernor shall provide for the funding of capital outlay projects, as specified\nherein. Such funding recommendations shall be in addition to any appropriation\nfor capital outlay projects from the Central Maintenance Reserve of the general\nappropriation act.\n\n   1. The Governor shall include in &#8220;The Budget Bill&#8221; submitted\n   pursuant to &#xA7; 2.2-1509 a biennial appropriation for the capital outlay\n   plan described in &#xA7; 2.2-1518. The biennial appropriation shall not be\n   less than two percent of the projected general fund revenues for the biennium.\n   \t\t\t\ta. When the projected general fund revenues for a fiscal year or years are\n   eight percent or greater than the projected general fund revenues for the\n   immediately preceding fiscal year the amount of the biennial appropriation for\n   the capital outlay plan that the Governor shall provide from general fund\n   revenues shall not be less than two percent of the projected general fund\n   revenues for each fiscal year.\n   \t\t\t\tb. When the projected general fund revenues for a fiscal year or years are\n   at least five percent but less than eight percent greater than the projected\n   general fund revenues for the immediately preceding fiscal year, the Governor\n   may recommend funding of up to one-half of the required biennial appropriation\n   from alternative financing mechanisms, including, but not limited to, bonded\n   indebtedness. The Governor shall submit such bill or bills for consideration\n   by the General Assembly as are necessary to implement such alternative\n   financings, and shall include in &#8220;The Budget Bill&#8221; submitted\n   pursuant to &#xA7; 2.2-1509 proposed appropriations from general fund revenues\n   for the remaining one-half of the required biennial appropriation.\n   \t\t\t\tc. When the projected general fund revenues for a fiscal year or years are\n   less than five percent greater than the projected general fund revenues for\n   the immediately preceding fiscal year, the Governor may recommend funding of\n   up to the entire required biennial appropriation from alternative financing\n   mechanisms, including, but not limited to, bonded indebtedness. The Governor\n   shall submit such bill or bills for consideration by the General Assembly as\n   are necessary to implement such alternative financings.\n\n   2. In implementing the provisions of this section, the amount of general funds\n   to be included in the biennial appropriation for the capital outlay plan shall\n   be calculated on a year-to-year basis, but may be apportioned on a biennial\n   basis; provided, however, that the combined total of general fund\n   appropriations and alternative financing mechanisms for the capital outlay\n   plan included in &#8220;The Budget Bill&#8221; submitted pursuant to &#xA7;\n   2.2-1509 shall equal at least two percent of the projected general fund\n   revenues for the biennium.\n\nC. The capital outlay projects proposed under this section and to be included in\n&#8220;The Budget Bill&#8221; submitted pursuant to &#xA7; 2.2-1509 shall be\nconsistent, as far as practicable, with those capital outlay projects included\nin the corresponding fiscal year of the current six-year capital outlay plan\ndescribed in &#xA7; 2.2-1518.\n\nHISTORY: 2002, cc. 839, 888; 2008, Sp. Sess. I, cc. 1, 2.","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}}