2.2-1514 - (Contingent expiration date - see Editor's notes) Assignment of general fund for nonrecurring expenditures.
§ 2.2-1514. (Contingent expiration date - see Editor's notes) Assignment ofgeneral fund for nonrecurring expenditures.
A. As used in this section:
"The Budget Bill" means the "The Budget Bill" submitted pursuant to §2.2-1509, including any amendments to a general appropriation act pursuant tosuch section.
"Nonrecurring expenditures" means the acquisition or construction ofcapital outlay projects as defined in § 2.2-1518, the acquisition orconstruction of capital improvements, the acquisition of land, theacquisition of equipment, or other expenditures of a one-time nature asspecified in the general appropriation act. Such term shall not include anyexpenditures relating to transportation, including but not limited totransportation maintenance.
B. At the end of each fiscal year, the Comptroller shall assign within hisannual report pursuant to § 2.2-813 as follows: one-third of the remainingamount of the general fund balance that is not otherwise restricted,committed, or assigned for other usage within the general fund shall beassigned by the Comptroller for nonrecurring expenditures, and two-thirdsshall be assigned for deposit into the Transportation Trust Fund. No suchassignment shall be made unless the full amounts required for otherrestrictions, commitments, or assignments including but not limited to (i)the Revenue Stabilization Fund deposit pursuant to § 2.2-1829, (ii) theVirginia Water Quality Improvement Fund deposit pursuant to § 10.1-2128, butexcluding any deposits provided under the Virginia Natural ResourcesCommitment Fund established under § 10.1-2128.1, (iii) capital outlayreappropriations 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 publicinstitutions of higher education pursuant to § 2.2-5005, (v) pro rata rebatepayments to certain public institutions of higher education pursuant to §2.2-5005, (vi) the unappropriated balance anticipated in the generalappropriation act for the end of such fiscal year, and (vii) interestpayments on deposits of certain public institutions of higher educationpursuant to § 2.2-5005 are set aside. The Comptroller shall set aside amountsrequired for clauses (iv) (b), (v), and (vii) beginning with the initialfiscal year as determined under § 2.2-5005 and for all fiscal yearsthereafter.
C. The Governor shall include in "The Budget Bill" pursuant to § 2.2-1509recommended appropriations from the general fund or recommended amendments togeneral fund appropriations in the general appropriation act in effect atthat time an amount for nonrecurring expenditures and an amount for depositinto the Transportation Trust Fund equal to the amounts assigned by theComptroller for such purposes pursuant to the provisions of subsection B.Such deposit to the Transportation Trust Fund shall not preclude theappropriation of additional amounts from the general fund for transportationpurposes.
(2002, cc. 839, 888; 2005, cc. 933, 945; 2007, c. 896; 2008, cc. 643, 701;2008, Sp. Sess. I, cc. 1, 2; 2010, c. 684.)
§ 2.2-1514. (Contingent effective date - see Editor's notes) Assignment ofgeneral fund for nonrecurring expenditures.
A. As used in this section:
"The Budget Bill" means the "The Budget Bill" submitted pursuant to §2.2-1509, including any amendments to a general appropriation act pursuant tosuch section.
"Nonrecurring expenditures" means the acquisition or construction ofcapital outlay projects as defined in § 2.2-1518, the acquisition orconstruction of capital improvements, the acquisition of land, theacquisition of equipment, or other expenditures of a one-time nature asspecified in the general appropriation act.
B. At the end of each fiscal year, the Comptroller shall assign within hisannual report pursuant to § 2.2-813 an amount for nonrecurring expenditures,which shall equal the remaining amount of the general fund balance that isnot otherwise restricted, committed, or assigned for other usage within thegeneral fund. No such assignment shall be made unless the full amountsrequired for other restrictions, commitments, or assignments including butnot limited to (i) the Revenue Stabilization Fund deposit pursuant to §2.2-1829, (ii) the Virginia Water Quality Improvement Fund deposit pursuantto § 10.1-2128, but excluding any deposits provided under the VirginiaNatural Resources Commitment Fund established under § 10.1-2128.1, (iii)capital outlay reappropriations pursuant to the general appropriation act,(iv) (a) operating expense reappropriations pursuant to the generalappropriation act, and (b) reappropriations of unexpended appropriations tocertain public institutions of higher education pursuant to § 2.2-5005, (v)pro rata rebate payments to certain public institutions of higher educationpursuant to § 2.2-5005, (vi) the unappropriated balance anticipated in thegeneral appropriation act for the end of such fiscal year, and (vii) interestpayments on deposits of certain public institutions of higher educationpursuant to § 2.2-5005 are set aside. The Comptroller shall set aside amountsrequired for clauses (iv) (b), (v), and (vii) beginning with the initialfiscal year as determined under § 2.2-5005 and for all fiscal yearsthereafter.
C. The Governor shall include in "The Budget Bill" pursuant to § 2.2-1509recommended appropriations from the general fund or recommended amendments togeneral fund appropriations in the general appropriation act in effect atthat time an amount for nonrecurring expenditures equal to the amountassigned by the Comptroller for such purpose pursuant to the provisions ofsubsection B of this section.
(2002, cc. 839, 888; 2005, cc. 933, 945; 2008, cc. 643, 701; 2008, Sp. Sess.I, cc. 1, 2; 2010, c. 684.)