Examples of Revenue Stabilization Fund in a sentence
Restricted for Other Purposes – consists of the on-Airport Hotel’s assets and liabilities (including the Hotel Trust accounts) except the Hotel Debt Service Fund trust account, the Hotel Revenue Stabilization Fund trust account, the Hotel Capitalized Interest trust account, and the Hotel’s capital lease obligations.
The Port has not deposited any moneys into the Revenue Stabilization Fund to date, but may do so in the future.
In accordance with Article X, Section 8 of the Constitution of Virginia, the amount estimated as required for deposit to the Revenue Stabilization Fund must be appropriated for that purpose by the General Assembly.
D2, appropriates$498.7 million from the Revenue Reserve Fund to be deposited to the Revenue Stabilization Fund during fiscal year 2024.
D2, the general ledger balance includes the advance reservation of $498.7 million for the fiscal year 2024 deposit to the Revenue Stabilization Fund (see Note 5).
The Revenue Stabilization Fund has principal and interest on deposit of $1.8 billion restricted as a part of General Fund balance.
Additionally, the combined balance of the Revenue Reserve Fund and the Revenue Stabilization Fund cannot exceed 20.0 percent of the total Commonwealth's average annual tax revenues derived from taxes on income and retail sales for the preceding three fiscal years.
Whenever there is a fiscal year in which there is not a mandatory deposit to the Revenue Stabilization Fund, a deposit is required if thegeneral fund revenue exceeds the official estimate.
Revenue Stabilization Fund ....................................................................9228.Long-term Liabilities..................................................................................1736.
Revenue Stabilization Fund This fund was established to reserve funds to be used in future fiscal years for operations, capital projects, or other uses determined by the board.