3.2-3617 - Fund established; disposition of fees, assessments, and penalties. - Virginia Statutes

§ 3.2-3617. Fund established; disposition of fees, assessments, and penalties.

A. There is hereby created in the state treasury a special nonreverting fundto be known as the Feed, Lime, Fertilizer, and Animal Remedies Fund,hereafter referred to as "the Fund." The Fund shall be established on thebooks of the Comptroller. Except as otherwise specified, moneys levied andcollected pursuant to this chapter and pursuant to Chapters 37, 48, and 49shall be paid into the state treasury and credited to the Fund. Interestearned on moneys in the Fund shall remain in the Fund and be credited to it.Any moneys remaining in the Fund, including interest thereon, at the end ofeach fiscal year shall not revert to the general fund but shall remain in theFund. Moneys in the Fund shall be used solely for the purposes set forth inthis chapter.

B. All fees, assessments and penalties, including funds transferred from theFund for the Sale of Substandard Fertilizer pursuant to § 3.2-3616, receivedby the Commissioner under this chapter shall be paid into the Feed, Lime,Fertilizer, and Animal Remedies Fund, to the credit of the Department, to beused in carrying out the purpose and provisions of this chapter, to includeinspection, sampling and other expenses; except that the Commissioner shalldeposit, to the credit of the Virginia Agricultural Foundation Fundestablished pursuant to § 3.2-2905, five cents ($0.05) of the inspection feeper ton of regulated product.

(1994, c. 740, § 3.1-106.22; 2008, c. 860.)