23-21 - Proceeds of bonds and revenues to be paid into state treasury; disposition. - Virginia Statutes

§ 23-21. Proceeds of bonds and revenues to be paid into state treasury;disposition.

All moneys derived from the sale of bonds pursuant to § 23-19 and allrevenues derived from any one or more of the sources mentioned insubdivisions (1), (2) and (3) of subsection (d) of § 23-19, except thosemoneys that are exempt from deposit into the state treasury, shall be paidinto the state treasury and any such moneys and revenues so paid into thestate treasury shall be set aside in special funds and devoted solely to thepayment of the cost of erecting the project for which such bonds shall havebeen issued and to the payment of the principal of and the interest on suchbonds and of the cost of maintenance and operation of such project and of anyother existing facilities the revenues of which are pledged either in wholeor in part to the payment of the principal of and the interest on such bonds,respectively, and are hereby specifically appropriated for those purposes tobe paid out by the State Treasurer on warrants of the Comptroller to beissued on vouchers of the treasurer or other fiscal officer of the board ofsuch institution.

(1933, p. 88; 1946, p. 187; 1962, c. 373; 1964, c. 635; 1997, c. 308.)