Virginia HB 29: Budget Bill.

Bill Text

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2026 SESSION
CHAPTER 7
[H 29]
Approved February 20, 2026
An Act to amend and reenact Chapter 725 of the Acts of Assembly of 2025, which appropriates the public revenues for two years
ending, respectively, on June 30, 2025, and June 30, 2026; and an Act to amend and reenact § 58.1-301, § 24.2-304.05, § 24.2-309.2,
§ 58.1-322.03, § 58.1-332, § 58.1-390.3, and § 58.1-402 of the Code of Virginia.
Be it enacted by the General Assembly of Virginia:
1. That Items 0, 77, 101, 104, 115, 124, 125, 125.10, 130, 200, 252.10, 260, 264, 268, 275, 287, 288, 290, 292, 296, 325, 326, 328,
329, 331, 334, 365, 389, 415, 416, 424, 455, 466, 469, 471, 489.40, C-34, C-54, § 3-1.01, § 3-5.03, § 4-5.04, and § 4-14 of
Chapter 725 of the 2025 Acts of Assembly, be hereby amended and reenacted.
2. § 1. The following are hereby appropriated, for the current biennium, as set forth in succeeding parts, sections and items, for the
purposes stated and for the years indicated:

A. The balances of appropriations made by previous acts of the General Assembly which are recorded as unexpended, as of the close
of business on the last day of the previous biennium, on the final records of the State Comptroller; and

B. The public taxes and arrears of taxes, as well as moneys derived from all other sources, which shall come into the state treasury
prior to the close of business on the last day of the current biennium. The term "moneys" means nontax revenues of all kinds,
including but not limited to fees, licenses, services and contract charges, gifts, grants, and donations, and projected revenues derived
from proposed legislation contingent upon General Assembly passage.

§ 2. Such balances, public taxes, arrears of taxes, and monies derived from all other sources as are not segregated by law to other
funds, which funds are defined by the State Comptroller, pursuant to § 2.2-803, Code of Virginia, shall establish and constitute the
general fund of the state treasury.

§ 3. The appropriations made in this act from the general fund are based upon the following:
First Year Second Year Total
Unreserved Beginning Balance $12,757,442,466 $0
$12,488,005,556
$12,757,442,466
$25,245,448,022
Additions to Balance ($8,243,470,953) $19,500,000
($10,718,951,165)
($8,223,970,953)
($18,962,422,118)
Official Revenue Estimates $30,661,036,462 $31,360,409,381
$32,383,745,537
$62,021,445,843
$63,044,781,999
Transfer $1,390,285,768 $1,572,043,937
$1,935,699,361
$2,962,329,705
$3,325,985,129
Total General Fund Resources
Available for
Appropriation $36,565,293,743 $32,951,953,318
$36,088,499,289
$69,517,247,061
$72,653,793,032
The appropriations made in this act from nongeneral fund revenues are based upon the following:
First Year Second Year Total
Balance, June 30, 2024 $12,329,216,528 $0 $12,329,216,528
Official Revenue Estimates $55,952,484,636 $57,955,178,841
$55,562,757,179
$113,907,663,477
$111,515,241,815
Lottery Proceeds Fund $943,824,250 $875,335,350
$923,626,865
$1,819,159,600
$1,867,451,115
Internal Service Fund $2,548,392,953 $2,661,451,414 $5,209,844,367
Bond Proceeds $930,193,760 $406,085,243 $1,336,279,003
Total Nongeneral Fund

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2
Revenues Available for
Appropriation $72,704,112,127 $61,898,050,848
$59,553,920,701
$134,602,162,975
$132,258,032,828
TOTAL PROJECTED
REVENUES $109,269,405,870 $94,850,004,166
$95,642,419,990
$204,119,410,036
$204,911,825,860
§ 4. Nongeneral fund revenues which are not otherwise segregated pursuant to this act shall be segregated in accordance with the acts
respectively establishing them.
§ 5. The sums herein appropriated are appropriated from the fund sources designated in the respective items of this act.
§ 6. When used in this act the term:
A. "Current biennium" means the period from the first day of July two thousand twenty-four, through the thirtieth day of June two
thousand twenty-six, inclusive.
B. "Previous biennium" means the period from the first day of July two thousand twenty-two, through the thirtieth day of June two
thousand twenty-four, inclusive.
C. "Next biennium" means the period from the first day of July two thousand twenty-six, through the thirtieth day of June two thousand
twenty-eight, inclusive.
D. "State agency" means a court, department, institution, office, board, council or other unit of state government located in the
legislative, judicial, or executive departments or group of independent agencies, or central appropriations, as shown in this act, and
which is designated in this act by title and a three-digit agency code.
E. "Nonstate agency" means an organization or entity as defined in § 2.2-1505 C, Code of Virginia.
F. "Authority" sets forth the general enabling statute, either state or federal, for the operation of the program for which appropriations
are shown.
G. "Discretionary" means there is no continuing statutory authority which infers or requires state funding for programs for which the
appropriations are shown.
H. "Appropriation" shall include both the funds authorized for expen