Virginia § 2.2-1503.1 - Filing of six-year financial outline by Governor
Full text of Virginia Code of Virginia § 2.2-1503.1 — Filing of six-year financial outline by Governor, with citation guidance and answers to common questions.
§ 2.2-1503.1. Filing of six-year financial outline by Governor
A. On or before the first day of each regular session of the General Assembly, the Governor shall prepare and submit to the members of the General Assembly a financial plan for a prospective period of six years. The plan shall consist of (i) the Governor's biennial budget submitted pursuant to subsection A of § 2.2-1508; (ii) (a) estimates of anticipated general fund and nongeneral fund revenue prepared for an additional period of four years pursuant to § 2.2-1503, (b) alternative estimates of general and nongeneral fund revenues based on the below-baseline economic assumptions presented to the Governor's Advisory Council on Revenue Estimates, and (c) revenue estimates for the general fund and nongeneral fund based on the above-baseline economic assumptions presented to the Governor's Advisory Council on Revenue Estimates; and (iii) estimates of the general and nongeneral fund appropriations required for each major program for an additional period of four years. In preparing such financial plan, the Governor may utilize the estimate prepared by each agency pursuant to § 2.2-1504, or such other information as he may deem necessary.
B. The financial plan required by this section shall ensure a structural balance between the projected revenues described in clause (ii) of subsection A and the projected expenditures described in clause (iii) of subsection A consistent with the provisions of Article X, Section 7 of the Constitution of Virginia.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 2.2-1503.1
What does Code of Virginia § 2.2-1503.1 cover?
Section 2.2-1503.1 ("Filing of six-year financial outline by Governor") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 2.2-1503.1?
A common citation format is "Code of Virginia § 2.2-1503.1" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 2.2-1503.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.