3.2-4317 - Virginia Quality Label Fund established. - Virginia Statutes

§ 3.2-4317. Virginia Quality Label Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Virginia Quality Label Fund, hereafter referred to as "theFund." The Fund shall be established on the books of the Comptroller. Moneysin the Fund shall be used solely for the purposes set forth in this chapter.All moneys derived from the furnishing of labels, tags, and seals, or frompermitting the use of the Virginia Quality Label or the label with the shieldof the United States shall be paid into the state treasury and credited tothe Fund. Interest earned on moneys in the Fund shall remain in the Fund andbe credited to it. Any moneys remaining in the Fund, including interestthereon, at the end of each fiscal year shall not revert to the general fundbut shall remain in the Fund. Moneys in the Fund shall be used by theDivision to defray the cost of preparing, furnishing, and publicizing thelabels, tags, and seals.

(Code 1950, § 3-277; 1966, c. 702, § 3.1-356; 2008, c. 860.)