{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1830.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1830.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1830.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1830.html"}],"law_id":76279,"edition_id":1,"section_id":76279,"structure_id":14475,"section_number":"2.2-1830","catch_line":"Decline in forecasted revenues","history":"1992, c. 316, \u00a7 2.1-191.3; 2001, c. 844.","full_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.","order_by":null,"text":{"0":{"id":273837,"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1830\/","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 1 time. 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. That modification is as follows: in 2001, chapter 844<\/a>.<\/p>","references":[{"id":55859,"section_number":"2.2-1829","catch_line":"Reports of Auditor of Public Accounts; Fund deposits and withdrawals","order_by":null,"url":"\/2.2-1829\/"}],"refers_to":false,"permalink":{"id":173275,"object_type":"law","relational_id":76279,"identifier":"2.2-1830","token":"2.2\/I\/C\/18\/4\/2.2-1830","url":"\/2.2-1830\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1830\/","token":"2.2\/I\/C\/18\/4\/2.2-1830","dublin_core":{"Title":"Decline in forecasted revenues","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1830","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

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.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDECLINE IN FORECASTED REVENUES (\u00a7 2.2-1830)\n\nIn the event that a revised general fund forecast presented to the General\nAssembly reflects a decline when compared to total general fund revenues\nappropriated, and the decrease is more than two percent of certified tax\nrevenues collected in the most recently ended fiscal year, the General Assembly\nmay appropriate an amount for transfer from the Fund to the general fund to\nstabilize the revenues of the Commonwealth. However, in no event shall the\ntransfer exceed more than one-half of the forecasted shortfall in revenues.\n\nHISTORY: 1992, c. 316, \u00a7 2.1-191.3; 2001, c. 844.","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}}