{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/3.2-3106.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/3.2-3106.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/3.2-3106.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/3.2-3106.html"}],"law_id":80118,"edition_id":1,"section_id":80118,"structure_id":15736,"section_number":"3.2-3106","catch_line":"Tobacco Indemnification and Community Revitalization Fund; tax credits for technology industries in tobacco-dependent localities","history":"1999, cc. 880, 962, \u00a7 9-385; 2000, c. 1042; 2001, cc. 807, 844, \u00a7 3.1-1111; 2002, cc. 482, 488; 2004, Sp. Sess. I, c. 1; 2008, c. 860; 2016, c. 305.","full_text":"A\n\nMoney received by the Commonwealth pursuant to the Master Settlement Agreement shall be deposited into the state treasury subject to the special nonreverting funds established by subsection B and by §§ 3.2-3104 and 32.1-360.B\n\nThere is created in the state treasury a special nonreverting fund to be known as the Tobacco Indemnification and Community Revitalization Fund. The Fund shall be established on the books of the Comptroller. Subject to the sale of all or any portion of the Commission Allocation, 50 percent of the annual amount received by the Commonwealth from the Master Settlement Agreement shall be paid into the state treasury and credited to the Fund. In the event of such sale: (i) the Commission Allocation shall be paid in accordance with the agreement for the period of sale; and (ii) the Fund shall receive the amounts withdrawn from the Endowment in accordance with § 3.2-3104. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes described in this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written authorization signed by the chairman of the Commission or his designee. The Fund shall also consist of other moneys received by the Commission, from any source, for the purpose of implementing the provisions of this chapter.C\n\nThe obligations of the Commission shall not be a debt or grant or loan of credit of the Commonwealth, and the Commonwealth shall not be liable thereon, nor shall such obligations be payable out of any funds other than those credited to the Fund.","order_by":null,"text":{"0":{"id":286878,"text":"Money received by the Commonwealth pursuant to the Master Settlement Agreement shall be deposited into the state treasury subject to the special nonreverting funds established by subsection B and by §§ 3.2-3104 and 32.1-360.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":286879,"text":"There is created in the state treasury a special nonreverting fund to be known as the Tobacco Indemnification and Community Revitalization Fund. The Fund shall be established on the books of the Comptroller. Subject to the sale of all or any portion of the Commission Allocation, 50 percent of the annual amount received by the Commonwealth from the Master Settlement Agreement shall be paid into the state treasury and credited to the Fund. In the event of such sale: (i) the Commission Allocation shall be paid in accordance with the agreement for the period of sale; and (ii) the Fund shall receive the amounts withdrawn from the Endowment in accordance with § 3.2-3104. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes described in this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written authorization signed by the chairman of the Commission or his designee. The Fund shall also consist of other moneys received by the Commission, from any source, for the purpose of implementing the provisions of this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":286880,"text":"The obligations of the Commission shall not be a debt or grant or loan of credit of the Commonwealth, and the Commonwealth shall not be liable thereon, nor shall such obligations be payable out of any funds other than those credited to the Fund.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":15736,"edition_id":1,"name":"Tobacco Region Revitalization Commission","identifier":"31","label":"chapter","depth":4,"order_by":1,"parent_id":15735,"metadata":{},"date_created":"2026-06-26 03:58:43","date_modified":"2026-06-26 03:58:43","permalink":{"id":195351,"object_type":"structure","relational_id":15736,"identifier":"31","token":"3.2\/II\/D\/31","url":"\/3.2\/II\/D\/31\/","edition_id":1,"permalink":0,"preferred":1}},{"id":15735,"edition_id":1,"name":"Tobacco Region Revitalization Commission and Virginia Tobacco Region Revolving Fund","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12794,"metadata":{},"date_created":"2026-06-26 03:58:43","date_modified":"2026-06-26 03:58:43","permalink":{"id":195349,"object_type":"structure","relational_id":15735,"identifier":"D","token":"3.2\/II\/D","url":"\/3.2\/II\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12794,"edition_id":1,"name":"Boards, Councils, Foundations, and Commissions","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12793,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":194359,"object_type":"structure","relational_id":12794,"identifier":"II","token":"3.2\/II","url":"\/3.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12793,"edition_id":1,"name":"Agriculture, Animal Care, and Food","identifier":"3.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":193939,"object_type":"structure","relational_id":12793,"identifier":"3.2","token":"3.2","url":"\/3.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60445,"structure_id":15736,"section_number":"3.2-3100","catch_line":"Definitions","url":"\/3.2-3100\/","token":"3.2\/II\/D\/31\/3.2-3100","metadata":false},{"id":84781,"structure_id":15736,"section_number":"3.2-3101","catch_line":"Tobacco Region Revitalization Commission created; purposes","url":"\/3.2-3101\/","token":"3.2\/II\/D\/31\/3.2-3101","metadata":false},{"id":65616,"structure_id":15736,"section_number":"3.2-3102","catch_line":"Membership; terms; vacancies; compensation and expenses; chairman; chairman's executive summary","url":"\/3.2-3102\/","token":"3.2\/II\/D\/31\/3.2-3102","metadata":false},{"id":70755,"structure_id":15736,"section_number":"3.2-3103","catch_line":"Powers and duties of the Tobacco Region Revitalization Commission","url":"\/3.2-3103\/","token":"3.2\/II\/D\/31\/3.2-3103","metadata":false},{"id":69642,"structure_id":15736,"section_number":"3.2-3104","catch_line":"Tobacco Indemnification and Community Revitalization Endowment","url":"\/3.2-3104\/","token":"3.2\/II\/D\/31\/3.2-3104","metadata":false},{"id":68343,"structure_id":15736,"section_number":"3.2-3105","catch_line":"Appointment of director; Commission employees; counsel to the Commission","url":"\/3.2-3105\/","token":"3.2\/II\/D\/31\/3.2-3105","metadata":false},{"id":80118,"structure_id":15736,"section_number":"3.2-3106","catch_line":"Tobacco Indemnification and Community Revitalization Fund; tax credits for technology industries in tobacco-dependent localities","url":"\/3.2-3106\/","token":"3.2\/II\/D\/31\/3.2-3106","metadata":false},{"id":72354,"structure_id":15736,"section_number":"3.2-3107","catch_line":"Payments from the Fund; transfer and recovery of payments; limitation on claims","url":"\/3.2-3107\/","token":"3.2\/II\/D\/31\/3.2-3107","metadata":false},{"id":71877,"structure_id":15736,"section_number":"3.2-3108","catch_line":"Distribution of Fund","url":"\/3.2-3108\/","token":"3.2\/II\/D\/31\/3.2-3108","metadata":false},{"id":67097,"structure_id":15736,"section_number":"3.2-3109","catch_line":"Form of accounts; audit","url":"\/3.2-3109\/","token":"3.2\/II\/D\/31\/3.2-3109","metadata":false},{"id":72943,"structure_id":15736,"section_number":"3.2-3110","catch_line":"Declaration of public purpose; exemption from taxation","url":"\/3.2-3110\/","token":"3.2\/II\/D\/31\/3.2-3110","metadata":false},{"id":79028,"structure_id":15736,"section_number":"3.2-3111","catch_line":"Confidentiality of information","url":"\/3.2-3111\/","token":"3.2\/II\/D\/31\/3.2-3111","metadata":false}],"previous_section":{"id":68343,"structure_id":15736,"section_number":"3.2-3105","catch_line":"Appointment of director; Commission employees; counsel to the Commission","url":"\/3.2-3105\/","token":"3.2\/II\/D\/31\/3.2-3105","metadata":false},"next_section":{"id":72354,"structure_id":15736,"section_number":"3.2-3107","catch_line":"Payments from the Fund; transfer and recovery of payments; limitation on claims","url":"\/3.2-3107\/","token":"3.2\/II\/D\/31\/3.2-3107","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-3106\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapters 880<\/a> and 962<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2000, chapter 1042<\/a>; in 2001, chapters 807<\/a> and 844<\/a>; in 2002, chapters 482<\/a> and 488<\/a>; in 2008, chapter 860<\/a>; in 2016, chapter 305<\/a>.<\/p>","references":[{"id":65127,"section_number":"2.2-309.2","catch_line":"Additional powers and duties; Tobacco Region Revitalization Commission","order_by":null,"url":"\/2.2-309.2\/"},{"id":60445,"section_number":"3.2-3100","catch_line":"Definitions","order_by":null,"url":"\/3.2-3100\/"},{"id":71816,"section_number":"3.2-4119","catch_line":"Eligibility to receive tobacco settlement funds","order_by":null,"url":"\/3.2-4119\/"}],"refers_to":[{"id":69642,"section_number":"3.2-3104","catch_line":"Tobacco Indemnification and Community Revitalization Endowment","order_by":null,"url":"\/3.2-3104\/"}],"permalink":{"id":195377,"object_type":"law","relational_id":80118,"identifier":"3.2-3106","token":"3.2\/II\/D\/31\/3.2-3106","url":"\/3.2-3106\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/3.2-3106\/","token":"3.2\/II\/D\/31\/3.2-3106","dublin_core":{"Title":"Tobacco Indemnification and Community Revitalization Fund; tax credits for technology industries in tobacco-dependent localities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-3106","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Money received by the Commonwealth pursuant to the Master Settlement Agreement<\/span> shall be deposited into the state treasury subject to the special nonreverting funds<\/span> established by subsection B and by §§ 3.2-3104<\/a> and 32.1-360<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> There is created in the state treasury a special nonreverting fund<\/span> to be known as the Tobacco Indemnification and Community Revitalization Fund<\/span>. The Fund<\/span> shall be established on the books of the Comptroller. Subject to the sale of all or any portion of the Commission Allocation<\/span>, 50 percent of the annual amount received by the Commonwealth from the Master Settlement Agreement<\/span> shall be paid into the state treasury and credited to the Fund<\/span>. In the event of such sale: (i) the Commission Allocation<\/span> shall be paid in accordance with the agreement for the period of sale<\/span>; and (ii) the Fund<\/span> shall receive the amounts withdrawn from the Endowment<\/span> in accordance with § 3.2-3104<\/a>. Interest earned on moneys in the Fund<\/span> shall remain in the Fund<\/span> and be credited to it. Any moneys remaining in the Fund<\/span>, including interest thereon, at the end of each fiscal year shall not revert to the general fund<\/span> but shall remain in the Fund<\/span>. Moneys in the Fund<\/span> shall be used solely for the purposes described in this chapter. Expenditures and disbursements from the Fund<\/span> shall be made by the State Treasurer on warrants issued by the Comptroller upon written authorization signed by the chairman of the Commission or his designee. The Fund<\/span> shall also consist of other moneys received by the Commission, from any source, for the purpose of implementing the provisions of this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The obligations of the Commission shall not be a debt or grant or loan of credit of the Commonwealth, and the Commonwealth shall not be liable thereon, nor shall such obligations be payable out of any funds<\/span> other than those credited to the Fund<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTOBACCO INDEMNIFICATION AND COMMUNITY REVITALIZATION FUND; TAX CREDITS FOR\nTECHNOLOGY INDUSTRIES IN TOBACCO-DEPENDENT LOCALITIES (\u00a7 3.2-3106)\n\nA. Money received by the Commonwealth pursuant to the Master Settlement\nAgreement shall be deposited into the state treasury subject to the special\nnonreverting funds established by subsection B and by §§ 3.2-3104 and\n32.1-360.\n\nB. There is created in the state treasury a special nonreverting fund to be\nknown as the Tobacco Indemnification and Community Revitalization Fund. The Fund\nshall be established on the books of the Comptroller. Subject to the sale of all\nor any portion of the Commission Allocation, 50 percent of the annual amount\nreceived by the Commonwealth from the Master Settlement Agreement shall be paid\ninto the state treasury and credited to the Fund. In the event of such sale: (i)\nthe Commission Allocation shall be paid in accordance with the agreement for the\nperiod of sale; and (ii) the Fund shall receive the amounts withdrawn from the\nEndowment in accordance with § 3.2-3104. Interest earned on moneys in the\nFund shall remain in the Fund and be credited to it. Any moneys remaining in the\nFund, including interest thereon, at the end of each fiscal year shall not\nrevert to the general fund but shall remain in the Fund. Moneys in the Fund\nshall be used solely for the purposes described in this chapter. Expenditures\nand disbursements from the Fund shall be made by the State Treasurer on warrants\nissued by the Comptroller upon written authorization signed by the chairman of\nthe Commission or his designee. The Fund shall also consist of other moneys\nreceived by the Commission, from any source, for the purpose of implementing the\nprovisions of this chapter.\n\nC. The obligations of the Commission shall not be a debt or grant or loan of\ncredit of the Commonwealth, and the Commonwealth shall not be liable thereon,\nnor shall such obligations be payable out of any funds other than those credited\nto the Fund.\n\nHISTORY: 1999, cc. 880, 962, \u00a7 9-385; 2000, c. 1042; 2001, cc. 807, 844, \u00a7\n3.1-1111; 2002, cc. 482, 488; 2004, Sp. Sess. I, c. 1; 2008, c. 860; 2016, c.\n305.","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}}