2.2-3014 - Fraud and Abuse Whistle Blower Reward Fund. - Virginia Statutes

§ 2.2-3014. Fraud and Abuse Whistle Blower Reward Fund.

A. From such funds as may be appropriated by the General Assembly, there ishereby created in the state treasury a special nonreverting fund to be knownas the Fraud and Abuse Whistle Blower Reward Fund, hereafter referred to as"the Fund." The Fund shall be established on the books of the Comptroller.Interest earned on moneys in the Fund shall remain in the Fund and becredited to it. Any moneys remaining in the Fund, including interest thereon,at the end of each fiscal year shall not revert to the general fund but shallremain in the Fund. Moneys in the Fund shall be used solely to providemonetary rewards to persons who have disclosed information of wrongdoing orabuse under the Fraud and Abuse Whistle Blower Protection Act (§ 2.2-3009 etseq.) and the disclosure results in a savings of at least $10,000. The amountof the reward shall be equal to one percent (1%) of the total amount ofsavings realized by the Commonwealth as a result of the disclosure of thewrongdoing or abuse, not to exceed $5,000. Expenditures and disbursementsfrom the Fund shall be made by the State Treasurer on warrants issued by theComptroller upon written request signed by the Division of State InternalAudit of the Department of Accounts.

B. The Division of State Internal Audit of the Department of Accounts shallpromulgate regulations for the proper administration of the Fund includingeligibility requirements and procedures for filing a claim.

(2009, c. 340.)