10.1-1119.1 - State Forests System Fund established. - Virginia Statutes

§ 10.1-1119.1. State Forests System Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the State Forests System Fund, hereafter referred to as "theFund." The Fund shall be established on the books of the Comptroller. Allcontributions from income tax refunds and any other source shall be paid intothe state treasury and credited to the Fund. Interest earned on moneys in theFund shall remain in the Fund and be credited to it. Any moneys remaining inthe Fund, including interest thereon, at the end of each fiscal year shallnot revert to the general fund but shall remain in the Fund. Moneys in theFund shall be used solely for the purposes of developing and implementingconservation and education initiatives in the state forests system.Expenditures and disbursements from the Fund shall be made by the StateTreasurer on warrants issued by the Comptroller upon written request signedby the State Forester.

(1999, c. 998.)