{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2374.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2374.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2374.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2374.html"}],"law_id":87408,"edition_id":1,"section_id":87408,"structure_id":13345,"section_number":"2.2-2374","catch_line":"Opioid Abatement Fund","history":"2021, Sp. Sess. I, cc. 306, 307.","full_text":"A\n\nThere is hereby created in the state treasury a special, nonreverting fund to be known as the Opioid Abatement Fund, referred to in this section as &#8220;the Fund,&#8221; to be administered by the Authority. All funds appropriated to the Fund, all funds designated by the Attorney General under &#xA7; 2.2-507.3 from settlements, judgments, verdicts, and other court orders relating to claims regarding the manufacturing, marketing, distribution, or sale of opioids, and any gifts, donations, grants, bequests, and other funds received on the Fund&#8217;s behalf shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund at the end of each fiscal year, including interest thereon, shall not revert to the general fund but shall remain in the Fund. Expenditures and disbursements from the Fund, which may consist of grants or loans, shall be authorized by majority vote of the Board.B\n\nMoneys in the Fund shall be used to provide grants and loans to any agency of the Commonwealth or participating locality for the purposes determined by the Authority in accordance with this article and in consultation with the Office of the Attorney General. The Authority shall develop guidelines, procedures, and criteria for the application for and award of grants or loans in consultation with the Office of the Attorney General. Such guidelines, procedures, and criteria shall comply with the terms of any applicable settlement, judgment, verdict, or other court order, or any agreement related thereto between the Attorney General and participating localities.C\n\nThe Authority shall fund all staffing and administrative costs from the Fund. Its expenditures for staffing and administration shall be limited to those that are reasonable for carrying out the purposes of this article.D\n\nFor every deposit to the Fund, the Authority shall allocate a portion to the following purposes:1\n\nFifteen percent shall be restricted for use by state agencies;2\n\nFifteen percent shall be restricted for use by participating localities, provided that if the terms of a settlement, judgment, verdict, or other court order, or any agreement related thereto between the Attorney General and participating localities, require this portion to be distributed according to a local apportionment formula, this portion shall be distributed in accordance with such formula;3\n\nThirty-five percent shall be restricted for use for regional efforts; and4\n\nThirty-five percent shall be unrestricted. Unrestricted funds may be used to fund the Authority&#8217;s staffing and administrative costs and may be distributed for use by state agencies, by participating localities, or for regional efforts in addition to the amounts set forth in subdivisions 1, 2, and 3, provided that the Authority shall ensure that such funds are used to accomplish the purposes of this article or invested under subsection F.E\n\nIn distributing money from the Fund under subsection D, the Authority shall balance immediate and anticipated needs with projected receipts of funds to best accomplish the purposes for which the Authority is established.F\n\nThe Board may designate any amount from the Fund to be invested, reinvested, and managed by the Board of the Virginia Retirement System as provided in &#xA7; 51.1-124.40. The State Treasurer is not liable for losses suffered by the Virginia Retirement System on investments made under the authority of this section.","order_by":null,"text":{"0":{"id":312944,"text":"There is hereby created in the state treasury a special, nonreverting fund to be known as the Opioid Abatement Fund, referred to in this section as &#8220;the Fund,&#8221; to be administered by the Authority. All funds appropriated to the Fund, all funds designated by the Attorney General under &#xA7; 2.2-507.3 from settlements, judgments, verdicts, and other court orders relating to claims regarding the manufacturing, marketing, distribution, or sale of opioids, and any gifts, donations, grants, bequests, and other funds received on the Fund&#8217;s behalf shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund at the end of each fiscal year, including interest thereon, shall not revert to the general fund but shall remain in the Fund. Expenditures and disbursements from the Fund, which may consist of grants or loans, shall be authorized by majority vote of the Board.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":312945,"text":"Moneys in the Fund shall be used to provide grants and loans to any agency of the Commonwealth or participating locality for the purposes determined by the Authority in accordance with this article and in consultation with the Office of the Attorney General. The Authority shall develop guidelines, procedures, and criteria for the application for and award of grants or loans in consultation with the Office of the Attorney General. Such guidelines, procedures, and criteria shall comply with the terms of any applicable settlement, judgment, verdict, or other court order, or any agreement related thereto between the Attorney General and participating localities.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":312946,"text":"The Authority shall fund all staffing and administrative costs from the Fund. Its expenditures for staffing and administration shall be limited to those that are reasonable for carrying out the purposes of this article.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":312947,"text":"For every deposit to the Fund, the Authority shall allocate a portion to the following purposes:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D1"},"4":{"id":312948,"text":"Fifteen percent shall be restricted for use by state agencies;","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"5":{"id":312949,"text":"Fifteen percent shall be restricted for use by participating localities, provided that if the terms of a settlement, judgment, verdict, or other court order, or any agreement related thereto between the Attorney General and participating localities, require this portion to be distributed according to a local apportionment formula, this portion shall be distributed in accordance with such formula;","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"D3"},"6":{"id":312950,"text":"Thirty-five percent shall be restricted for use for regional efforts; and","type":"section","prefixes":["D","3"],"prefix":"3","entire_prefix":"D3","prefix_anchor":"D3","level":2,"prior_prefix":"D2","next_prefix":"D4"},"7":{"id":312951,"text":"Thirty-five percent shall be unrestricted. Unrestricted funds may be used to fund the Authority&#8217;s staffing and administrative costs and may be distributed for use by state agencies, by participating localities, or for regional efforts in addition to the amounts set forth in subdivisions 1, 2, and 3, provided that the Authority shall ensure that such funds are used to accomplish the purposes of this article or invested under subsection F.","type":"section","prefixes":["D","4"],"prefix":"4","entire_prefix":"D4","prefix_anchor":"D4","level":2,"prior_prefix":"D3","next_prefix":"E"},"8":{"id":312952,"text":"In distributing money from the Fund under subsection D, the Authority shall balance immediate and anticipated needs with projected receipts of funds to best accomplish the purposes for which the Authority is established.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D4","next_prefix":"F"},"9":{"id":312953,"text":"The Board may designate any amount from the Fund to be invested, reinvested, and managed by the Board of the Virginia Retirement System as provided in &#xA7; 51.1-124.40. The State Treasurer is not liable for losses suffered by the Virginia Retirement System on investments made under the authority of this section.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E"}},"ancestry":[{"id":13345,"edition_id":1,"name":"Opioid Abatement Authority","identifier":"12","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":174093,"object_type":"structure","relational_id":13345,"identifier":"12","token":"2.2\/I\/D\/22\/12","url":"\/2.2\/I\/D\/22\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76696,"structure_id":13345,"section_number":"2.2-2365","catch_line":"Definitions","url":"\/2.2-2365\/","token":"2.2\/I\/D\/22\/12\/2.2-2365","metadata":false},{"id":77641,"structure_id":13345,"section_number":"2.2-2366","catch_line":"Opioid Abatement Authority established","url":"\/2.2-2366\/","token":"2.2\/I\/D\/22\/12\/2.2-2366","metadata":false},{"id":54327,"structure_id":13345,"section_number":"2.2-2367","catch_line":"Board of directors; members","url":"\/2.2-2367\/","token":"2.2\/I\/D\/22\/12\/2.2-2367","metadata":false},{"id":66878,"structure_id":13345,"section_number":"2.2-2368","catch_line":"Duties of the Authority","url":"\/2.2-2368\/","token":"2.2\/I\/D\/22\/12\/2.2-2368","metadata":false},{"id":64466,"structure_id":13345,"section_number":"2.2-2369","catch_line":"Powers of the Authority","url":"\/2.2-2369\/","token":"2.2\/I\/D\/22\/12\/2.2-2369","metadata":false},{"id":85114,"structure_id":13345,"section_number":"2.2-2370","catch_line":"Conditions and restrictions on financial assistance","url":"\/2.2-2370\/","token":"2.2\/I\/D\/22\/12\/2.2-2370","metadata":false},{"id":67383,"structure_id":13345,"section_number":"2.2-2371","catch_line":"Cooperation with other agencies","url":"\/2.2-2371\/","token":"2.2\/I\/D\/22\/12\/2.2-2371","metadata":false},{"id":81118,"structure_id":13345,"section_number":"2.2-2372","catch_line":"Form and audit of accounts and records","url":"\/2.2-2372\/","token":"2.2\/I\/D\/22\/12\/2.2-2372","metadata":false},{"id":59381,"structure_id":13345,"section_number":"2.2-2373","catch_line":"Annual report","url":"\/2.2-2373\/","token":"2.2\/I\/D\/22\/12\/2.2-2373","metadata":false},{"id":87408,"structure_id":13345,"section_number":"2.2-2374","catch_line":"Opioid Abatement Fund","url":"\/2.2-2374\/","token":"2.2\/I\/D\/22\/12\/2.2-2374","metadata":false},{"id":78068,"structure_id":13345,"section_number":"2.2-2375","catch_line":"Exemption from taxes or assessments","url":"\/2.2-2375\/","token":"2.2\/I\/D\/22\/12\/2.2-2375","metadata":false},{"id":58729,"structure_id":13345,"section_number":"2.2-2376","catch_line":"Exemption of Authority from personnel and procurement procedures","url":"\/2.2-2376\/","token":"2.2\/I\/D\/22\/12\/2.2-2376","metadata":false},{"id":54536,"structure_id":13345,"section_number":"2.2-2377","catch_line":"Commonwealth Opioid Abatement and Remediation Fund","url":"\/2.2-2377\/","token":"2.2\/I\/D\/22\/12\/2.2-2377","metadata":false}],"previous_section":{"id":59381,"structure_id":13345,"section_number":"2.2-2373","catch_line":"Annual report","url":"\/2.2-2373\/","token":"2.2\/I\/D\/22\/12\/2.2-2373","metadata":false},"next_section":{"id":78068,"structure_id":13345,"section_number":"2.2-2375","catch_line":"Exemption from taxes or assessments","url":"\/2.2-2375\/","token":"2.2\/I\/D\/22\/12\/2.2-2375","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2374\/","history_text":false,"references":[{"id":68735,"section_number":"2.2-507.3","catch_line":"Cooperation with the Opioid Abatement Authority","order_by":null,"url":"\/2.2-507.3\/"}],"refers_to":[{"id":68735,"section_number":"2.2-507.3","catch_line":"Cooperation with the Opioid Abatement Authority","order_by":null,"url":"\/2.2-507.3\/"},{"id":67951,"section_number":"51.1-124.40","catch_line":"Investment of assets of the Opioid Abatement Fund","order_by":null,"url":"\/51.1-124.40\/"}],"permalink":{"id":174131,"object_type":"law","relational_id":87408,"identifier":"2.2-2374","token":"2.2\/I\/D\/22\/12\/2.2-2374","url":"\/2.2-2374\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2374\/","token":"2.2\/I\/D\/22\/12\/2.2-2374","dublin_core":{"Title":"Opioid Abatement Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2374","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> There is hereby created in the <span class=\"dictionary\">state<\/span> treasury a special, nonreverting <span class=\"dictionary\">fund<\/span> to be known as the Opioid Abatement <span class=\"dictionary\">Fund<\/span>, referred to in this section as &#8220;the <span class=\"dictionary\">Fund<\/span>,&#8221; to be administered by the <span class=\"dictionary\">Authority<\/span>. All <span class=\"dictionary\">funds<\/span> appropriated to the <span class=\"dictionary\">Fund<\/span>, all <span class=\"dictionary\">funds<\/span> designated by the <span class=\"dictionary\">Attorney General<\/span> under &#xA7; <a class=\"law\" title=\"Cooperation with the Opioid Abatement Authority\" href=\"\/2.2-507.3\/\">2.2-507.3<\/a> from <span class=\"dictionary\">settlements<\/span>, <span class=\"dictionary\">judgments<\/span>, <span class=\"dictionary\">verdicts<\/span>, and other <span class=\"dictionary\">court orders<\/span> relating to claims regarding the manufacturing, marketing, distribution, or sale of opioids, and any gifts, donations, grants, bequests, and other <span class=\"dictionary\">funds<\/span> received on the <span class=\"dictionary\">Fund<\/span>&#8217;s behalf shall be paid into the <span class=\"dictionary\">state<\/span> treasury and credited to the <span class=\"dictionary\">Fund<\/span>. Interest earned on moneys in the <span class=\"dictionary\">Fund<\/span> shall remain in the <span class=\"dictionary\">Fund<\/span> and be credited to it. Any moneys remaining in the <span class=\"dictionary\">Fund<\/span> at the end of each fiscal year, including interest thereon, shall not revert to the general <span class=\"dictionary\">fund<\/span> but shall remain in the <span class=\"dictionary\">Fund<\/span>. Expenditures and disbursements from the <span class=\"dictionary\">Fund<\/span>, which may consist of grants or loans, shall be authorized by majority vote of the <span class=\"dictionary\">Board<\/span>. <a id=\"paragraph-312944\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Moneys in the <span class=\"dictionary\">Fund<\/span> shall be used to provide grants and loans to any agency of the <span class=\"dictionary\">Commonwealth<\/span> or <span class=\"dictionary\">participating locality<\/span> for the purposes determined by the <span class=\"dictionary\">Authority<\/span> in accordance with this article and in consultation with the Office of the <span class=\"dictionary\">Attorney General<\/span>. The <span class=\"dictionary\">Authority<\/span> shall develop guidelines, procedures, and criteria for the application for and award of grants or loans in consultation with the Office of the <span class=\"dictionary\">Attorney General<\/span>. Such guidelines, procedures, and criteria shall comply with the terms of any applicable <span class=\"dictionary\">settlement<\/span>, <span class=\"dictionary\">judgment<\/span>, <span class=\"dictionary\">verdict<\/span>, or other <span class=\"dictionary\">court order<\/span>, or any agreement related thereto between the <span class=\"dictionary\">Attorney General<\/span> and participating localities. <a id=\"paragraph-312945\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The <span class=\"dictionary\">Authority<\/span> shall <span class=\"dictionary\">fund<\/span> all staffing and administrative costs from the <span class=\"dictionary\">Fund<\/span>. Its expenditures for staffing and administration shall be limited to those that are reasonable for carrying out the purposes of this article. <a id=\"paragraph-312946\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> For every deposit to the <span class=\"dictionary\">Fund<\/span>, the <span class=\"dictionary\">Authority<\/span> shall allocate a portion to the following purposes: <a id=\"paragraph-312947\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Fifteen percent shall be restricted for use by <span class=\"dictionary\">state<\/span> agencies; <a id=\"paragraph-312948\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#D1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Fifteen percent shall be restricted for use by participating localities, provided that if the terms of a <span class=\"dictionary\">settlement<\/span>, <span class=\"dictionary\">judgment<\/span>, <span class=\"dictionary\">verdict<\/span>, or other <span class=\"dictionary\">court order<\/span>, or any agreement related thereto between the <span class=\"dictionary\">Attorney General<\/span> and participating localities, require this portion to be distributed according to a <span class=\"dictionary\">local apportionment formula<\/span>, this portion shall be distributed in accordance with such formula; <a id=\"paragraph-312949\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#D2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Thirty-five percent shall be restricted for use for <span class=\"dictionary\">regional efforts<\/span>; and <a id=\"paragraph-312950\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#D3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> Thirty-five percent shall be unrestricted. Unrestricted <span class=\"dictionary\">funds<\/span> may be used to <span class=\"dictionary\">fund<\/span> the <span class=\"dictionary\">Authority<\/span>&#8217;s staffing and administrative costs and may be distributed for use by <span class=\"dictionary\">state<\/span> agencies, by participating localities, or for <span class=\"dictionary\">regional efforts<\/span> in addition to the amounts set forth in subdivisions 1, 2, and 3, provided that the <span class=\"dictionary\">Authority<\/span> shall ensure that such <span class=\"dictionary\">funds<\/span> are used to accomplish the purposes of this article or invested under subsection F. <a id=\"paragraph-312951\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#D4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> In distributing money from the <span class=\"dictionary\">Fund<\/span> under subsection D, the <span class=\"dictionary\">Authority<\/span> shall balance immediate and anticipated needs with projected receipts of <span class=\"dictionary\">funds<\/span> to best accomplish the purposes for which the <span class=\"dictionary\">Authority<\/span> is established. <a id=\"paragraph-312952\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"F\"><p><span class=\"prefix-number\">F.<\/span> The <span class=\"dictionary\">Board<\/span> may designate any amount from the <span class=\"dictionary\">Fund<\/span> to be invested, reinvested, and managed by the <span class=\"dictionary\">Board<\/span> of the Virginia Retirement System as provided in &#xA7; <a class=\"law\" title=\"Investment of assets of the Opioid Abatement Fund\" href=\"\/51.1-124.40\/\">51.1-124.40<\/a>. The <span class=\"dictionary\">State<\/span> Treasurer is not liable for losses suffered by the Virginia Retirement System on investments made under the <span class=\"dictionary\">authority<\/span> of this section. <a id=\"paragraph-312953\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/2.2-2374\/#F\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nOPIOID ABATEMENT FUND (\u00a7 2.2-2374)\n\nA. There is hereby created in the state treasury a special, nonreverting fund to\nbe known as the Opioid Abatement Fund, referred to in this section as &#8220;the\nFund,&#8221; to be administered by the Authority. All funds appropriated to the\nFund, all funds designated by the Attorney General under &#xA7; 2.2-507.3 from\nsettlements, judgments, verdicts, and other court orders relating to claims\nregarding the manufacturing, marketing, distribution, or sale of opioids, and\nany gifts, donations, grants, bequests, and other funds received on the\nFund&#8217;s behalf shall be paid into the state treasury and credited to the\nFund. Interest earned on moneys in the Fund shall remain in the Fund and be\ncredited to it. Any moneys remaining in the Fund at the end of each fiscal year,\nincluding interest thereon, shall not revert to the general fund but shall\nremain in the Fund. Expenditures and disbursements from the Fund, which may\nconsist of grants or loans, shall be authorized by majority vote of the Board.\n\nB. Moneys in the Fund shall be used to provide grants and loans to any agency of\nthe Commonwealth or participating locality for the purposes determined by the\nAuthority in accordance with this article and in consultation with the Office of\nthe Attorney General. The Authority shall develop guidelines, procedures, and\ncriteria for the application for and award of grants or loans in consultation\nwith the Office of the Attorney General. Such guidelines, procedures, and\ncriteria shall comply with the terms of any applicable settlement, judgment,\nverdict, or other court order, or any agreement related thereto between the\nAttorney General and participating localities.\n\nC. The Authority shall fund all staffing and administrative costs from the Fund.\nIts expenditures for staffing and administration shall be limited to those that\nare reasonable for carrying out the purposes of this article.\n\nD. For every deposit to the Fund, the Authority shall allocate a portion to the\nfollowing purposes:\n\n   1. Fifteen percent shall be restricted for use by state agencies;\n\n   2. Fifteen percent shall be restricted for use by participating localities,\n   provided that if the terms of a settlement, judgment, verdict, or other court\n   order, or any agreement related thereto between the Attorney General and\n   participating localities, require this portion to be distributed according to\n   a local apportionment formula, this portion shall be distributed in accordance\n   with such formula;\n\n   3. Thirty-five percent shall be restricted for use for regional efforts; and\n\n   4. Thirty-five percent shall be unrestricted. Unrestricted funds may be used\n   to fund the Authority&#8217;s staffing and administrative costs and may be\n   distributed for use by state agencies, by participating localities, or for\n   regional efforts in addition to the amounts set forth in subdivisions 1, 2,\n   and 3, provided that the Authority shall ensure that such funds are used to\n   accomplish the purposes of this article or invested under subsection F.\n\nE. In distributing money from the Fund under subsection D, the Authority shall\nbalance immediate and anticipated needs with projected receipts of funds to best\naccomplish the purposes for which the Authority is established.\n\nF. The Board may designate any amount from the Fund to be invested, reinvested,\nand managed by the Board of the Virginia Retirement System as provided in &#xA7;\n51.1-124.40. The State Treasurer is not liable for losses suffered by the\nVirginia Retirement System on investments made under the authority of this\nsection.\n\nHISTORY: 2021, Sp. Sess. I, cc. 306, 307.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}