10.1-603.4:1 - Virginia Stormwater Management Fund established - Virginia Statutes

§ 10.1-603.4:1. Virginia Stormwater Management Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Virginia Stormwater Management Fund, hereafter referred to as"the Fund." The Fund shall be established on the books of the Comptroller.All moneys collected pursuant to § 10.1-603.4 shall be paid into the statetreasury and credited to the Fund. Interest earned on moneys in the Fundshall remain in the Fund and be credited to it. Any moneys remaining in theFund, including interest thereon, at the end of each fiscal year shall notrevert to the general fund but shall remain in the Fund. Moneys in the Fundshall be used solely for the purposes of carrying out the Department'sresponsibilities under this article. Expenditures and disbursements from theFund shall be made by the State Treasurer on warrants issued by theComptroller upon written request signed by the Director.

An accounting of moneys received by and distributed from the Fund shall bekept by the State Comptroller.

(2004, c. 372.)