§ 51.1-1200 Fund established; administration and management; Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund Board
There is hereby created a fund to be known and designated as the “Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund” (the Fund). The Fund is established to provide service awards to eligible volunteer firefighters and volunteer emergency medical services personnel who elect to become members of the Fund. The Volunteer Firefighters’ and Rescue Squad Workers’ Service Award Fund Board (the Board) shall utilize the assistance of the Virginia Retirement System in establishing, investing, and maintaining the Fund. The Board of Trustees of the Virginia Retirement System shall administer and manage the investment of the Fund as custodian and provide staff to further carry out the provisions of this chapter. The Virginia Retirement System shall invest the Funds in accordance with Article 3.1 (§ 51.1-124.30 et seq.) of Chapter 1. The Fund shall annually reimburse the Virginia Retirement System for all costs incurred and associated, directly and indirectly, with the administration of this chapter and management and investment of the Fund.
History
This law was first created in 1999. The record of its establishment is cataloged in chapters 664 and 860 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 2001, chapter 672; in 2015, chapters 502 and 503.
1999, cc. 664, 860; 2001, c. 672; 2015, cc. 502, 503.