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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73833</law_id><section_number>2.2-1831.4</section_number><catch_line>Decline in forecasted revenues</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>2.2-1831.2</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="1" identifier="C">State Agencies Related to the General Operation of Government</unit><unit label="chapter" level="4" order_by="1" identifier="18">Department of the Treasury</unit><unit label="article" level="5" order_by="1" identifier="4.1">Revenue Reserve Fund</unit></structure><text>
						<section><p>In the event that a revised general <span class="dictionary">fund</span> forecast presented to the General Assembly reflects a decline when compared with total general <span class="dictionary">fund</span> revenues appropriated, and the decrease is two percent or less of general <span class="dictionary">fund</span> resources collected in the most recently ended fiscal year, the General Assembly may appropriate an amount for transfer from the <span class="dictionary">Fund</span>, not to exceed 50 percent of the amount in the <span class="dictionary">Fund</span>, to the general <span class="dictionary">fund</span> to stabilize the revenues of the Commonwealth.
		When the General Assembly is not in session, after review of the May general <span class="dictionary">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 <span class="dictionary">Fund</span> to avoid such cash deficit.</p></section></text><history>2018, c. 827.</history><metadata></metadata></law>
