2003 Regular Session

HOUSE BILL 70

File Code: Operating Budget
Sponsored By:
Delegate Madaleno
Entitled:
Operating Budget - Revenue Stabilization Fund - Minimum Appropriation

Synopsis:

Increasing from 5% to 10% the percentage used to calculate the minimum annual appropriation to the Revenue Stabilization Fund; deleting an obsolete reference; eliminating a requirement that the Governor include a specified appropriation in the budget bill if the unappropriated General Fund surplus exceeds $10,000,000 on June 30 of the second preceding fiscal year; etc.

History by Legislative Date

House Action
1/22
First Reading Appropriations
Hearing 2/4 at 11:00 a.m.
4/7
Unfavorable Report by Appropriations
Senate Action
No Action
Bill indexed under the following Subjects:
APPROPRIATIONS
BILLS (LEGISLATIVE) -see also- CORRECTIVE LEG; CURATIVE LEG.
BUDGETS -see also- CAPITAL BUDGETS
GOVERNOR
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
Bill affects the following Statute:
State Finance and Procurement
( 7-311 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered