{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-1831.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-1831.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-1831.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-1831.4.html"}],"law_id":73833,"edition_id":1,"section_id":73833,"structure_id":16039,"section_number":"2.2-1831.4","catch_line":"Decline in forecasted revenues","history":"2018, c. 827.","full_text":"In the event that a revised general fund forecast presented to the General Assembly reflects a decline when compared with total general fund revenues appropriated, and the decrease is two percent or less of general fund resources collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the Fund, not to exceed 50 percent of the amount in the Fund, to the general fund to stabilize the revenues of the Commonwealth.\n\t\tWhen the General Assembly is not in session, after review of the May general fund revenue collections and certification to the General Assembly that actions to curtail spending will not be sufficient to avoid a cash deficit, the Governor may withdraw amounts appropriated to the Fund to avoid such cash deficit.","order_by":null,"text":{"0":{"id":265461,"text":"In the event that a revised general fund forecast presented to the General Assembly reflects a decline when compared with total general fund revenues appropriated, and the decrease is two percent or less of general fund resources collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the Fund, not to exceed 50 percent of the amount in the Fund, to the general fund to stabilize the revenues of the Commonwealth.\n\t\tWhen the General Assembly is not in session, after review of the May general fund revenue collections and certification to the General Assembly that actions to curtail spending will not be sufficient to avoid a cash deficit, the Governor may withdraw amounts appropriated to the Fund to avoid such cash deficit.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16039,"edition_id":1,"name":"Revenue Reserve Fund","identifier":"4.1","label":"article","depth":5,"order_by":1,"parent_id":13093,"metadata":{},"date_created":"2026-06-26 04:04:30","date_modified":"2026-06-26 04:04:30","permalink":{"id":173283,"object_type":"structure","relational_id":16039,"identifier":"4.1","token":"2.2\/I\/C\/18\/4.1","url":"\/2.2\/I\/C\/18\/4.1\/","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 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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":78914,"structure_id":16039,"section_number":"2.2-1831.1","catch_line":"Definitions","url":"\/2.2-1831.1\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.1","metadata":false},{"id":77341,"structure_id":16039,"section_number":"2.2-1831.2","catch_line":"Creation of Revenue Reserve Fund","url":"\/2.2-1831.2\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.2","metadata":false},{"id":70603,"structure_id":16039,"section_number":"2.2-1831.3","catch_line":"Commitment of funds for Revenue Reserve Fund","url":"\/2.2-1831.3\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.3","metadata":false},{"id":73833,"structure_id":16039,"section_number":"2.2-1831.4","catch_line":"Decline in forecasted revenues","url":"\/2.2-1831.4\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.4","metadata":false},{"id":62903,"structure_id":16039,"section_number":"2.2-1831.5","catch_line":"Sources or components of general fund revenues","url":"\/2.2-1831.5\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.5","metadata":false}],"previous_section":{"id":70603,"structure_id":16039,"section_number":"2.2-1831.3","catch_line":"Commitment of funds for Revenue Reserve Fund","url":"\/2.2-1831.3\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.3","metadata":false},"next_section":{"id":62903,"structure_id":16039,"section_number":"2.2-1831.5","catch_line":"Sources or components of general fund revenues","url":"\/2.2-1831.5\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-1831.4\/","history_text":"

This law was first created in 2018. The record of its establishment is cataloged in chapter 827<\/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":77341,"section_number":"2.2-1831.2","catch_line":"Creation of Revenue Reserve Fund","order_by":null,"url":"\/2.2-1831.2\/"}],"refers_to":false,"permalink":{"id":173297,"object_type":"law","relational_id":73833,"identifier":"2.2-1831.4","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.4","url":"\/2.2-1831.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-1831.4\/","token":"2.2\/I\/C\/18\/4.1\/2.2-1831.4","dublin_core":{"Title":"Decline in forecasted revenues","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-1831.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In the event that a revised general fund<\/span> forecast presented to the General Assembly reflects a decline when compared with total general fund<\/span> revenues appropriated, and the decrease is two percent or less of general fund<\/span> resources collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the Fund<\/span>, not to exceed 50 percent of the amount in the Fund<\/span>, to the general fund<\/span> to stabilize the revenues of the Commonwealth.\n\t\tWhen the General Assembly is not in session, after review of the May general fund<\/span> revenue collections and certification to the General Assembly that actions to curtail spending will not be sufficient to avoid a cash deficit, the Governor may withdraw amounts appropriated to the Fund<\/span> to avoid such cash deficit.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDECLINE IN FORECASTED REVENUES (\u00a7 2.2-1831.4)\n\nIn the event that a revised general fund forecast presented to the General\nAssembly reflects a decline when compared with total general fund revenues\nappropriated, and the decrease is two percent or less of general fund resources\ncollected in the most recently ended fiscal year, the General Assembly may\nappropriate an amount for transfer from the Fund, not to exceed 50 percent of\nthe amount in the Fund, to the general fund to stabilize the revenues of the\nCommonwealth.\n\t\tWhen the General Assembly is not in session, after review of the May general\nfund revenue collections and certification to the General Assembly that actions\nto curtail spending will not be sufficient to avoid a cash deficit, the Governor\nmay withdraw amounts appropriated to the Fund to avoid such cash deficit.\n\nHISTORY: 2018, c. 827.","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}}