3.2-1411 - Virginia Corn Fund established. - Virginia Statutes

§ 3.2-1411. Virginia Corn Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Virginia Corn Fund, hereafter referred to as "the Fund."The Fund shall be established on the books of the Comptroller. All moneyslevied and collected under the provisions of this chapter 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 set forth in this chapter. Incarrying out the purposes of this chapter, the Corn Board may cooperate withother state, regional, national, and international agricultural organizationsin market development, education, publicity, research, and the promotion ofthe sale and use of corn. The proceeds from such activities shall be promptlypaid into the Virginia Corn Fund. The Auditor of Public Accounts shall auditall the accounts of the Corn Board as provided for in § 30-133.

Expenditures and disbursements from the Fund shall be made by the Corn Boardon warrants issued by the Comptroller upon written request signed by the dulyauthorized officer of the Corn Board.

(1980, c. 395, §§ 3.1-1047, 3.1-1048; 2008, c. 860.)