{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1829.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1829.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1829.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1829.html"}],"law_id":55859,"edition_id":1,"section_id":55859,"structure_id":14475,"section_number":"2.2-1829","catch_line":"Reports of Auditor of Public Accounts; Fund deposits and withdrawals","history":"1992, c. 316, \u00a7 2.1-191.2; 1993, c. 26; 2001, c. 844; 2003, cc. 755, 759; 2011, c. 725; 2019, c. 347; 2025, c. 635.","full_text":"A\n\nOn or before December 1 of each year, the Auditor of Public Accounts shall report to the General Assembly the certified tax revenues collected in the most recently ended fiscal year. The Auditor shall, at the same time, provide his report on (i) the limitation on the total amount in the Fund; (ii) the amount that could be paid into the Fund; and (iii) the amount necessary for deposit for the next fiscal year into the Fund in order to satisfy the mandatory deposit requirement of Article X, § 8 of the Constitution of Virginia. The Governor shall include any such amount in his budget bill submitted to the General Assembly pursuant to § 2.2-1509. A schedule of deposits may be provided for in the appropriation act.B\n\nThe State Comptroller shall draw such warrants as appropriated and the State Treasurer shall deposit such warrants into the Fund. No amounts shall be withdrawn from the Fund except pursuant to appropriations made by the General Assembly in accordance with § 2.2-1830. However, if any amounts accrue, such as through interest or dividends, to the credit of the Fund in excess of the limitation calculated by the Auditor of Public Accounts as provided in subsection D, any excess shall be paid into the general fund either from the Fund or from the Revenue Reserve Fund created pursuant to § 2.2-1831.2.C\n\nFor the purposes of the Comptroller’s preliminary and final annual reports as required by § 2.2-813, all balances remaining in the Fund on June 30 of each fiscal year shall be considered to be a portion of the fund balance of the general fund of the state treasury.D\n\nThe combined amount in the Fund and the Revenue Reserve Fund shall not exceed 20 percent of the Commonwealth’s average annual tax revenues derived from taxes on income and retail sales as certified by the Auditor of Public Accounts for the three fiscal years immediately preceding.","order_by":null,"text":{"0":{"id":204619,"text":"On or before December 1 of each year, the Auditor of Public Accounts shall report to the General Assembly the certified tax revenues collected in the most recently ended fiscal year. The Auditor shall, at the same time, provide his report on (i) the limitation on the total amount in the Fund; (ii) the amount that could be paid into the Fund; and (iii) the amount necessary for deposit for the next fiscal year into the Fund in order to satisfy the mandatory deposit requirement of Article X, § 8 of the Constitution of Virginia. The Governor shall include any such amount in his budget bill submitted to the General Assembly pursuant to § 2.2-1509. A schedule of deposits may be provided for in the appropriation act.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":204620,"text":"The State Comptroller shall draw such warrants as appropriated and the State Treasurer shall deposit such warrants into the Fund. No amounts shall be withdrawn from the Fund except pursuant to appropriations made by the General Assembly in accordance with § 2.2-1830. However, if any amounts accrue, such as through interest or dividends, to the credit of the Fund in excess of the limitation calculated by the Auditor of Public Accounts as provided in subsection D, any excess shall be paid into the general fund either from the Fund or from the Revenue Reserve Fund created pursuant to § 2.2-1831.2.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":204621,"text":"For the purposes of the Comptroller’s preliminary and final annual reports as required by § 2.2-813, all balances remaining in the Fund on June 30 of each fiscal year shall be considered to be a portion of the fund balance of the general fund of the state treasury.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":204622,"text":"The combined amount in the Fund and the Revenue Reserve Fund shall not exceed 20 percent of the Commonwealth’s average annual tax revenues derived from taxes on income and retail sales as certified by the Auditor of Public Accounts for the three fiscal years immediately preceding.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14475,"edition_id":1,"name":"Revenue Stabilization Fund","identifier":"4","label":"article","depth":5,"order_by":1,"parent_id":13093,"metadata":{},"date_created":"2026-06-26 03:48:15","date_modified":"2026-06-26 03:48:15","permalink":{"id":173265,"object_type":"structure","relational_id":14475,"identifier":"4","token":"2.2\/I\/C\/18\/4","url":"\/2.2\/I\/C\/18\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13093,"edition_id":1,"name":"Department of the Treasury","identifier":"18","label":"chapter","depth":4,"order_by":1,"parent_id":13092,"metadata":{},"date_created":"2026-06-26 03:44:16","date_modified":"2026-06-26 03:44:16","permalink":{"id":173141,"object_type":"structure","relational_id":13093,"identifier":"18","token":"2.2\/I\/C\/18","url":"\/2.2\/I\/C\/18\/","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":57263,"structure_id":14475,"section_number":"2.2-1828","catch_line":"Creation of Revenue Stabilization Fund","url":"\/2.2-1828\/","token":"2.2\/I\/C\/18\/4\/2.2-1828","metadata":false},{"id":55859,"structure_id":14475,"section_number":"2.2-1829","catch_line":"Reports of Auditor of Public Accounts; Fund deposits and withdrawals","url":"\/2.2-1829\/","token":"2.2\/I\/C\/18\/4\/2.2-1829","metadata":false},{"id":76279,"structure_id":14475,"section_number":"2.2-1830","catch_line":"Decline in forecasted revenues","url":"\/2.2-1830\/","token":"2.2\/I\/C\/18\/4\/2.2-1830","metadata":false},{"id":68448,"structure_id":14475,"section_number":"2.2-1831","catch_line":"Sources or components of \"general fund revenues.\"","url":"\/2.2-1831\/","token":"2.2\/I\/C\/18\/4\/2.2-1831","metadata":false}],"previous_section":{"id":57263,"structure_id":14475,"section_number":"2.2-1828","catch_line":"Creation of Revenue Stabilization Fund","url":"\/2.2-1828\/","token":"2.2\/I\/C\/18\/4\/2.2-1828","metadata":false},"next_section":{"id":76279,"structure_id":14475,"section_number":"2.2-1830","catch_line":"Decline in forecasted revenues","url":"\/2.2-1830\/","token":"2.2\/I\/C\/18\/4\/2.2-1830","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1829\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 316 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. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 6 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 1993, chapter 26; in 2001, chapter 844<\/a>; in 2003, chapters 755<\/a> and 759<\/a>; in 2011, chapter 725<\/a>; in 2019, chapter 347<\/a>; in 2025, chapter 635<\/a>.<\/p>","references":[{"id":81573,"section_number":"2.2-1514","catch_line":"(Contingent effective date) Commitment of general fund for nonrecurring expenditures","order_by":null,"url":"\/2.2-1514\/"}],"refers_to":[{"id":59447,"section_number":"2.2-1509","catch_line":"Budget Bill","order_by":null,"url":"\/2.2-1509\/"},{"id":76279,"section_number":"2.2-1830","catch_line":"Decline in forecasted revenues","order_by":null,"url":"\/2.2-1830\/"},{"id":75994,"section_number":"2.2-813","catch_line":"Annual report of Comptroller to Governor","order_by":null,"url":"\/2.2-813\/"}],"permalink":{"id":173271,"object_type":"law","relational_id":55859,"identifier":"2.2-1829","token":"2.2\/I\/C\/18\/4\/2.2-1829","url":"\/2.2-1829\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1829\/","token":"2.2\/I\/C\/18\/4\/2.2-1829","dublin_core":{"Title":"Reports of Auditor of Public Accounts; Fund deposits and withdrawals","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1829","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> On or before December 1 of each year, the Auditor of Public Accounts shall report to the General Assembly the certified tax revenues collected in the most recently ended fiscal year. The Auditor shall, at the same time, provide his report on (i) the limitation on the total amount in the Fund; (ii) the amount that could be paid into the Fund; and (iii) the amount necessary for deposit for the next fiscal year into the Fund in order<\/span> to satisfy the mandatory deposit requirement of Article X, § 8 of the Constitution of Virginia. The Governor shall include any such amount in his budget bill submitted to the General Assembly pursuant to § 2.2-1509<\/a>. A schedule of deposits may be provided for in the appropriation act. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The State Comptroller shall draw such warrants as appropriated and the State Treasurer shall deposit such warrants into the Fund. No amounts shall be withdrawn from the Fund except pursuant to appropriations made by the General Assembly in accordance with § 2.2-1830<\/a>. However, if any amounts accrue, such as through interest or dividends, to the credit of the Fund in excess of the limitation calculated by the Auditor of Public Accounts as provided in subsection D, any excess shall be paid into the general fund either from the Fund or from the Revenue Reserve Fund created pursuant to § 2.2-1831.2<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> For the purposes of the Comptroller’s preliminary and final annual reports as required by § 2.2-813<\/a>, all balances remaining in the Fund on June 30 of each fiscal year shall be considered to be a portion of the fund balance of the general fund of the state treasury. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The combined amount in the Fund and the Revenue Reserve Fund shall not exceed 20 percent of the Commonwealth’s average annual tax revenues derived from taxes on income and retail sales as certified by the Auditor of Public Accounts for the three fiscal years immediately preceding. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTS OF AUDITOR OF PUBLIC ACCOUNTS; FUND DEPOSITS AND WITHDRAWALS (\u00a7\n2.2-1829)\n\nA. On or before December 1 of each year, the Auditor of Public Accounts shall\nreport to the General Assembly the certified tax revenues collected in the most\nrecently ended fiscal year. The Auditor shall, at the same time, provide his\nreport on (i) the limitation on the total amount in the Fund; (ii) the amount\nthat could be paid into the Fund; and (iii) the amount necessary for deposit for\nthe next fiscal year into the Fund in order to satisfy the mandatory deposit\nrequirement of Article X, § 8 of the Constitution of Virginia. The Governor\nshall include any such amount in his budget bill submitted to the General\nAssembly pursuant to § 2.2-1509. A schedule of deposits may be provided for\nin the appropriation act.\n\nB. The State Comptroller shall draw such warrants as appropriated and the State\nTreasurer shall deposit such warrants into the Fund. No amounts shall be\nwithdrawn from the Fund except pursuant to appropriations made by the General\nAssembly in accordance with § 2.2-1830. However, if any amounts accrue,\nsuch as through interest or dividends, to the credit of the Fund in excess of\nthe limitation calculated by the Auditor of Public Accounts as provided in\nsubsection D, any excess shall be paid into the general fund either from the\nFund or from the Revenue Reserve Fund created pursuant to § 2.2-1831.2.\n\nC. For the purposes of the Comptroller’s preliminary and final annual\nreports as required by § 2.2-813, all balances remaining in the Fund on\nJune 30 of each fiscal year shall be considered to be a portion of the fund\nbalance of the general fund of the state treasury.\n\nD. The combined amount in the Fund and the Revenue Reserve Fund shall not exceed\n20 percent of the Commonwealth’s average annual tax revenues derived from\ntaxes on income and retail sales as certified by the Auditor of Public Accounts\nfor the three fiscal years immediately preceding.\n\nHISTORY: 1992, c. 316, \u00a7 2.1-191.2; 1993, c. 26; 2001, c. 844; 2003, cc. 755,\n759; 2011, c. 725; 2019, c. 347; 2025, c. 635.","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}}