65.2-1101 - Funding. - Virginia Statutes

§ 65.2-1101. Funding.

A. For the purpose of providing funds for compensation for disability ashereinafter defined, medical treatment and vocational rehabilitativeservices, a tax of one quarter of one percent shall be assessed, collectedand paid into the state treasury by the same persons and in the same manneras set forth in Chapter 10 (§ 65.2-1000 et seq.) of this title.

B. This tax shall be in addition to the tax for the Commission administrativefund and shall be held by the Comptroller of the Commonwealth solely for thepayment of awards against such fund.

C. In any fiscal year in which the Second Injury Fund has to its credit a sumin excess of $250,000, the tax shall be suspended for the ensuing fiscalyears and its collection not resumed until the balance in the fund is reducedbelow $125,000.

(1975, c. 365, § 65.1-139; 1980, c. 599; 1991, c. 355.)