                                 CODE OF VIRGINIA

DECLINE IN FORECASTED REVENUES (§ 2.2-1831.4)

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.
		When 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.

HISTORY: 2018, c. 827.