Virginia Senate Bill 4033 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 12 2019 - 25% progression, died in committee
Action: 2019-07-12 - Referred to Committee on Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Grants for the renovation of Building 2 of the Virginia Beach Municipal Center. Appropriates $10 million in grants to the City of Virginia Beach from fiscal year 2019 surplus general fund revenues for the costs of planning renovations to and renovating Building 2 of the Virginia Beach Municipal Center. A condition of the grants is that all renovations be made to the same premises upon which Building 2 is currently situated. "Certified surplus general fund revenues" is defined in the bill as general fund revenues deposited in the state treasury for the Commonwealth's fiscal year ending June 30, 2019, that are in excess of the sum of (i) the official general fund revenue forecast for such year, (ii) deposits required to the Revenue Stabilization Fund in fiscal year 2020, (iii) deposits required to the Revenue Reserve Fund in fiscal year 2020, (iv) deposits required to the Virginia Water Quality Improvement Fund in fiscal year 2020, and (v) any revenues required to be transferred to the Taxpayer Relief Fund in fiscal year 2020. The State Comptroller is charged with certifying such fiscal year 2019 surplus general fund revenues as soon as practicable.

Virginia Beach Municipal Center; grants for the renovation of Building 2.

Sen. Bill DeSteph [R]

Date	Chamber	Action
2019-07-12	Senate	Referred to Committee on Finance
2019-07-12	Senate	Presented and ordered printed 19200367D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?192+sum+SB4033
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?192+ful+SB4033+hil