2.2-1830 - Decline in forecasted revenues. - Virginia Statutes

§ 2.2-1830. Decline in forecasted revenues.

In the event that a revised general fund forecast presented to the GeneralAssembly reflects a decline when compared to total general fund revenuesappropriated, and the decrease is more than two percent of certified taxrevenues collected in the most recently ended fiscal year, the GeneralAssembly may appropriate an amount for transfer from the Fund to the generalfund to stabilize the revenues of the Commonwealth. However, in no eventshall the transfer exceed more than one-half of the forecasted shortfall inrevenues.

(1992, c. 316, § 2.1-191.3; 2001, c. 844.)