2023 Regular SessionVirginia Legislature

HB1841: Revenue Stabilization Fund and Revenue Reserve Fund; elimination of certain required deposits.

Legislative Summary

Revenue Stabilization Fund and Revenue Reserve Fund; required deposits. Eliminates the requirement that certain revenues be deposited in the Revenue Stabilization Fund that are in excess of the deposits required by the Constitution of Virginia and adds a new requirement that additional deposits be made to the Revenue Reserve Fund if general fund revenues exceed certain amounts in a fiscal year. Revenue Stabilization Fund and Revenue Reserve Fund; required deposits. Eliminates the requirement that certain revenues be deposited in the Revenue Stabilization Fund that are in excess of the deposits required by the Constitution of Virginia and adds a new requirement that additional deposits be made to the Revenue Reserve Fund if general fund revenues exceed certain amounts in a fiscal year.

Bill History

1/10/2023
Prefiled and ordered printed; offered 01/11/23 23100414D
House of Delegates
1/10/2023
Referred to Committee on Appropriations
House of Delegates
1/13/2023
Assigned App. sub: General Government and Capital Outlay
House of Delegates
1/23/2023
Subcommittee recommends reporting with amendments (8-Y 0-N)
House of Delegates
1/25/2023
Reported from Appropriations with amendment(s) (21-Y 0-N)
House of Delegates
1/27/2023
Read first time
House of Delegates
1/30/2023
Read second time
House of Delegates
1/30/2023
Committee amendment agreed to
House of Delegates
1/30/2023
Engrossed by House as amended HB1841E
House of Delegates
1/30/2023
Printed as engrossed 23100414D-E
House of Delegates
1/31/2023
Read third time and passed House BLOCK VOTE (99-Y 0-N)
House of Delegates
1/31/2023
VOTE: (99-Y 0-N)
House of Delegates
2/1/2023
Constitutional reading dispensed
Senate
2/1/2023
Referred to Committee on Finance and Appropriations
Senate
2/16/2023
Reported from Finance and Appropriations with substitute (16-Y 0-N)
Senate
2/16/2023
Committee substitute printed 23107070D-S1
Senate
2/20/2023
Constitutional reading dispensed (40-Y 0-N)
Senate
2/21/2023
Read third time
Senate
2/21/2023
Reading of substitute waived
Senate
2/21/2023
Committee substitute agreed to 23107070D-S1
Senate
2/21/2023
Engrossed by Senate - committee substitute HB1841S1
Senate
2/21/2023
Passed Senate with substitute (40-Y 0-N)
Senate
2/22/2023
Senate substitute rejected by House 23107070D-S1 (0-Y 96-N)
House of Delegates
2/22/2023
VOTE: REJECTED (0-Y 96-N)
House of Delegates
2/23/2023
Senate insisted on substitute (38-Y 1-N)
Senate
2/23/2023
Senate requested conference committee
Senate
2/23/2023
House acceded to request
House of Delegates
2/23/2023
Conferees appointed by Senate
Senate
2/23/2023
Senators: Barker, Norment, Deeds
Senate
2/23/2023
Conferees appointed by House
House of Delegates
2/23/2023
Delegates: Knight, Austin, Torian
House of Delegates
2/25/2023
No further action taken
House of Delegates
2/25/2023
Failed to pass in House
House of Delegates

Amendments

Substitute for S-Finance and Appropriations

Substitute for S-Finance and Appropriations

2/16/2023Not Adopted

Amendment(s) for HB1841 for Committee: Appropriations

Amendment(s) for HB1841 for Committee: Appropriations

1/25/2023Not Adopted

Amendment(s) for HB1841 Appropriations, General Government and Capital Outlay

Amendment(s) for HB1841 Appropriations, General Government and Capital Outlay

1/23/2023Not Adopted

House committee amendments reported

House committee amendments reported

12/17/2017Not Adopted

Roll Call Votes

Senate: Senate insisted on substitute (38-Y 1-N)
2/23/2023
38
Yea
1
Nay
0
Not Voting
1
Absent
Result: PASSED
House: VOTE: REJECTED (0-Y 96-N)
2/22/2023
0
Yea
96
Nay
0
Not Voting
4
Absent
Result: FAILED
Senate: Passed Senate with substitute (40-Y 0-N)
2/21/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
2/20/2023
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
2/16/2023
16
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
House: VOTE: (99-Y 0-N)
1/31/2023
99
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
House: Reported from Appropriations with amendment(s) (21-Y 0-N)
1/25/2023
21
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
House: Subcommittee recommends reporting with amendments (8-Y 0-N)
1/23/2023
8
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Failed(2/25/2023)
Chamber
House of Delegates
Sine DiePrior Session

Sponsors

Republican: 1

Primary Sponsor

Barry Knight
Barry Knight
Republican

Documents

Comm Sub
Bill Text2/16/20238.7 KB
Engrossed
Bill Text1/30/202310.2 KB
Prefiled
Bill Text1/10/202310.4 KB
Fiscal Note/Analysis
Fiscal Note/Analysis2/20/202362.9 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/31/2023106.4 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/21/2023117.8 KB