                                 CODE OF VIRGINIA

(CONTINGENT EFFECTIVE DATE) COMMITMENT OF GENERAL FUND FOR NONRECURRING
EXPENDITURES (§ 2.2-1514)

A. As used in this section:
			&#8220;The Budget Bill&#8221; means &#8220;The Budget Bill&#8221; submitted
pursuant to &#xA7; 2.2-1509, including any amendments to a general appropriation
act pursuant to such section.
			&#8220;Nonrecurring expenditures&#8221; means the acquisition or construction
of capital outlay projects as defined in &#xA7; 2.2-1518, the acquisition or
construction of capital improvements, the acquisition of land, the acquisition
of equipment, or other expenditures of a one-time nature as specified in the
general appropriation act.

B. At the end of each fiscal year, the Comptroller shall commit within his
annual report pursuant to &#xA7; 2.2-813 as follows: 67 percent of the remaining
amount of the general fund balance that is not otherwise restricted, committed,
or assigned for other usage within the general fund shall be committed by the
Comptroller for deposit into the Commonwealth Transportation Fund established
pursuant to &#xA7; 33.2-1524 or a subfund thereof, and the remaining amount
shall be committed for nonrecurring expenditures. No such commitment shall be
made unless the full amounts required for other restrictions, commitments, or
assignments including but not limited to (i) the Revenue Stabilization Fund
deposit pursuant to &#xA7; 2.2-1829, (ii) the Virginia Water Quality Improvement
Fund deposit pursuant to &#xA7; 10.1-2128, but excluding any deposits provided
under the Virginia Natural Resources Commitment Fund established under &#xA7;
10.1-2128.1, (iii) capital outlay reappropriations pursuant to the general
appropriation act, (iv) (a) operating expense reappropriations pursuant to the
general appropriation act, and (b) reappropriations of unexpended appropriations
to certain public institutions of higher education pursuant to &#xA7; 23.1-1002,
(v) pro rata rebate payments to certain public institutions of higher education
pursuant to &#xA7; 23.1-1002, (vi) the unappropriated balance anticipated in the
general appropriation act for the end of such fiscal year, (vii) interest
payments on deposits of certain public institutions of higher education pursuant
to &#xA7; 23.1-1002, and (viii) the Revenue Reserve Fund deposit pursuant to
&#xA7; 2.2-1831.2 are set aside. The Comptroller shall set aside amounts
required for clauses (iv) (b), (v), and (vii) beginning with the initial fiscal
year as determined under &#xA7; 23.1-1002 and for all fiscal years thereafter.

C. The Governor shall include in &#8220;The Budget Bill&#8221; pursuant to
&#xA7; 2.2-1509 recommended appropriations from the general fund or recommended
amendments to general fund appropriations in the general appropriation act in
effect at that time an amount for deposit into the Commonwealth Transportation
Fund or a subfund thereof, and an amount for nonrecurring expenditures equal to
the amount committed by the Comptroller for such purpose pursuant to the
provisions of subsection B. Such deposit to the Commonwealth Transportation Fund
or a subfund thereof shall not preclude the appropriation of additional amounts
from the general fund for transportation purposes.

HISTORY: 2002, cc. 839, 888; 2005, cc. 933, 945; 2008, cc. 643, 701; 2008, Sp.
Sess. I, cc. 1, 2; 2010, c. 684; 2012, cc. 729, 733; 2018, c. 827; 2020, cc.
1230, 1275.