                                 CODE OF VIRGINIA

ESTIMATES BY STATE AGENCIES OF AMOUNTS NEEDED (§ 2.2-1504)

A. Biennially in the odd-numbered years, on a date established by the Governor,
each of the several state agencies and other agencies and undertakings receiving
or asking financial aid from the Commonwealth shall report to the Governor,
through the responsible secretary designated by statute or executive order, in a
format prescribed for such purpose, an estimate in itemized form in accordance
with the expenditure classification adopted by the Governor, showing the amount
needed for each year of the ensuing biennial period beginning with the first day
of July. The Governor may prescribe targets that shall not be exceeded in the
official estimate of each agency; however, an agency may submit to the Governor
a request for an amount exceeding the target as an addendum to its official
budget estimate.

B. Each agency or undertaking required to submit a biennial estimate pursuant to
subsection A shall simultaneously submit an estimate of the amount that will be
needed for the two succeeding biennial periods beginning July 1 of the third
year following the year in which the estimate is submitted. The Department shall
provide, within thirty days following receipt, copies of all agency estimates
provided under this subsection to the chairmen of the House Committee on
Appropriations and the Senate Committee on Finance and Appropriations.

C. The format used in making these estimates shall (i) be prescribed by the
Governor, shall (ii) be uniform for all agencies, and (iii) clearly designate
the kind of information to be given. The Governor may prescribe a different
format for estimates from institutions of higher education, which format shall
be uniform for all such institutions and shall clearly designate the kind of
information to be provided.

HISTORY: Code 1950, § 2-48; 1964, c. 125; 1966, c. 677, § 2.1-54; 1968, c.
683; 1975, c. 325; 1976, c. 760, § 2.1-394; 1979, c. 283; 1992, c. 582; 1993,
c. 724; 1998, c. 467; 2001, c. 844.