28.2-1204.2 - Marine Habitat and Waterways Improvement Fund established. - Virginia Statutes

§ 28.2-1204.2. Marine Habitat and Waterways Improvement Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Marine Habitat and Waterways Improvement Fund, hereafterreferred to as "the Fund." The Fund shall be established on the books ofthe Comptroller. In addition to the receipt of moneys as may be specificallyprovided by law, the Commissioner is authorized to accept gifts and grantsfor the Fund, as well as proceeds that may be received from time to time onthe sale of state-owned marine lands. 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 improving marine habitat andwaterways, including the removal of obstructions or hazardous property fromstate waters as authorized in §§ 15.2-909 and 28.2-1210. Expenditures anddisbursements from the Fund shall be made by the State Treasurer on warrantsissued by the Comptroller upon written request signed by the Commissioner.

(2000, c. 1056.)