Department of Accounts Transfer Payments (162)
| Request Title | Align combined balance limit for the Revenue Stabilization and Revenue Reserve Funds with statute |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Aligns the combined balance limit for the Revenue Stabilization and Revenue Reserve Funds with the existing 15 percent limitation in the Code of Virginia. The combined balance limit was temporarily raised to 20 percent through June 30, 2024. The combined balance of the two funds is projected to be in excess of 15 percent in 2025 and 2026, which will result in transfers of the excess amounts from the Revenue Reserve Fund to the general fund. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $712,218,048 | $92,826,274 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 08-22-2025 08:52:49
