HJ 525 Constitutional amendment; limit on growth in general fund appropriations & revenues (1st reference).
R. Lee Ware, Jr. | all patrons    ...    notes
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Summary as passed House: (all summaries)
Constitutional amendment (first resolution); limit on growth in state general fund appropriations and revenues. Limits general fund growth in any fiscal year to the preceding year's general fund appropriation plus the percentage increase in gross state product for the most recently available year plus a factor for population increases. The General Assembly may exceed this limitation with a two-thirds vote of the members elected in each house. The amendment also provides that 50 percent of general fund revenues in excess of the limitation is to be returned to the citizens of Virginia and 50 percent goes into the Revenue Stabilization Fund.  This resolution incorporates HJR 622.

Full text:
08/16/04  House: Prefiled & ordered printed; offered 01/12/05 050239540  pdf
02/04/05  House: Committee substitute printed 050373540-H1  pdf

08/16/04  House: Prefiled & ordered printed; offered 01/12/05 050239540
08/16/04  House: Referred to Committee on Privileges and Elections
02/04/05  House: Reported from P. & E. w/substitute (16-Y 4-N)
02/04/05  House: Committee substitute printed 050373540-H1
02/07/05  House: Taken up
02/07/05  House: Committee substitute agreed to 050373540-H1
02/07/05  House: Engrossed by House - committee substitute HJ525H1
02/07/05  House: Pending question ordered
02/07/05  House: Agreed to by House (50-Y 43-N)
02/07/05  House: VOTE: ADOPTION (50-Y 43-N)
02/07/05  House: Communicated to Senate
02/08/05  Senate: Reading waived
02/08/05  Senate: Referred to Committee on Privileges and Elections
02/15/05  Senate: Rereferred from P.& E. (13-Y 1-N)
02/15/05  Senate: Rereferred to Finance
02/17/05  Senate: Left in Finance