3.2-4758 - Grain Dealers Licensing and Bonding Fund established; disposition of fees and penalties. - Virginia Statutes

§ 3.2-4758. Grain Dealers Licensing and Bonding Fund established; dispositionof fees and penalties.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Grain Dealers Licensing and Bonding Fund, hereafter referredto as "the Fund." The Fund shall be established on the books of theComptroller. All fees and penalties for renewals payable under this articleshall be collected by the Commissioner and paid into the state treasury andcredited to the Fund. Interest earned on moneys in the Fund shall remain inthe Fund and be credited to it. Any moneys remaining in the Fund, includinginterest thereon, at the end of each fiscal year shall not revert to thegeneral fund but shall remain in the Fund. Moneys in the Fund shall be usedfor the sole purpose of enforcement of this article.

(1972, c. 296, § 3.1-722.22; 1975, c. 531; 1982, c. 187; 2008, c. 860.)