51.5-97 - Funds set aside from proceeds of business enterprises. - Virginia Statutes

§ 51.5-97. Funds set aside from proceeds of business enterprises.

The Department shall set aside or cause to be set aside from the net proceedsof the operations authorized by this article such funds as may be necessaryfor the purpose of (i) maintenance and replacement of equipment, (ii)purchase of new equipment, (iii) management services, (iv) assuring a fairminimum return to vendors and (v) the establishment and maintenance ofretirement or pension funds, health insurance contributions and the provisionfor paid sick leave and vacation time in accordance with theRandolph-Sheppard Act Amendments of 1974 (P.L. 93-516).

(Code 1950, § 63-204.22; 1968, c. 578, § 63.1-163; 1979, c. 96; 2002, c. 747.)