{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/4.1-115.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/4.1-115.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/4.1-115.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/4.1-115.html"}],"law_id":68919,"edition_id":1,"section_id":68919,"structure_id":13259,"section_number":"4.1-115","catch_line":"Reports and accounting systems of Board; auditing books and records","history":"Code 1950, \u00a7 4-13; 1984, c. 734; 1993, c. 866; 2004, c. 650; 2005, c. 633.","full_text":"A\n\nThe Board shall make reports to the Governor as he may require covering the administration and enforcement of this subtitle. Additionally, the Board shall submit an annual report to the Governor and General Assembly on or before December 15 each year, which shall contain:1\n\nA statement of the nature and amount of the business transacted by each government store during the year;2\n\nA statement of the assets and liabilities of the Board, including a statement of income and expenses and such other financial statements and matters as may be necessary to show the result of the operations of the Board for the year;3\n\nA statement showing the taxes collected under this subtitle during the year;4\n\nGeneral information and remarks about the working of the alcoholic beverage control laws within the Commonwealth; and5\n\nAny other information requested by the Governor.B\n\nThe Board shall maintain an accounting system in compliance with generally accepted accounting principles and approved in accordance with § 2.2-803.C\n\nA regular postaudit shall be conducted of all accounts and transactions of the Board. An annual audit of a fiscal and compliance nature of the accounts and transactions of the Board shall be conducted by the Auditor of Public Accounts on or before October 1. The cost of the annual audit and postaudit examinations shall be borne by the Board. The Board may order such other audits as it deems necessary.","order_by":null,"text":{"0":{"id":249516,"text":"The Board shall make reports to the Governor as he may require covering the administration and enforcement of this subtitle. Additionally, the Board shall submit an annual report to the Governor and General Assembly on or before December 15 each year, which shall contain:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":249517,"text":"A statement of the nature and amount of the business transacted by each government store during the year;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":249518,"text":"A statement of the assets and liabilities of the Board, including a statement of income and expenses and such other financial statements and matters as may be necessary to show the result of the operations of the Board for the year;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":249519,"text":"A statement showing the taxes collected under this subtitle during the year;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":249520,"text":"General information and remarks about the working of the alcoholic beverage control laws within the Commonwealth; and","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":249521,"text":"Any other information requested by the Governor.","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"B"},"6":{"id":249522,"text":"The Board shall maintain an accounting system in compliance with generally accepted accounting principles and approved in accordance with § 2.2-803.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A5","next_prefix":"C"},"7":{"id":249523,"text":"A regular postaudit shall be conducted of all accounts and transactions of the Board. An annual audit of a fiscal and compliance nature of the accounts and transactions of the Board shall be conducted by the Auditor of Public Accounts on or before October 1. The cost of the annual audit and postaudit examinations shall be borne by the Board. The Board may order such other audits as it deems necessary.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13259,"edition_id":1,"name":"Definitions and General Provisions","identifier":"1","label":"chapter","depth":3,"order_by":1,"parent_id":13130,"metadata":{},"date_created":"2026-06-26 03:44:31","date_modified":"2026-06-26 03:44:31","permalink":{"id":218573,"object_type":"structure","relational_id":13259,"identifier":"1","token":"4.1\/I\/1","url":"\/4.1\/I\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13130,"edition_id":1,"name":"Alcoholic Beverage Control Act","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":13129,"metadata":{},"date_created":"2026-06-26 03:44:19","date_modified":"2026-06-26 03:44:19","permalink":{"id":218571,"object_type":"structure","relational_id":13130,"identifier":"I","token":"4.1\/I","url":"\/4.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13129,"edition_id":1,"name":"Alcoholic Beverage and Cannabis Control","identifier":"4.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:19","date_modified":"2026-06-26 03:44:19","permalink":{"id":218569,"object_type":"structure","relational_id":13129,"identifier":"4.1","token":"4.1","url":"\/4.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":55602,"structure_id":13259,"section_number":"4.1-100","catch_line":"Definitions","url":"\/4.1-100\/","token":"4.1\/I\/1\/4.1-100","metadata":false},{"id":54605,"structure_id":13259,"section_number":"4.1-101","catch_line":"Virginia Alcoholic Beverage Control Authority created; public purpose","url":"\/4.1-101\/","token":"4.1\/I\/1\/4.1-101","metadata":false},{"id":66649,"structure_id":13259,"section_number":"4.1-101.01","catch_line":"Board of Directors; membership; terms; compensation","url":"\/4.1-101.01\/","token":"4.1\/I\/1\/4.1-101.01","metadata":false},{"id":84894,"structure_id":13259,"section_number":"4.1-101.010","catch_line":"Exemption of Authority from personnel and procurement procedures; information systems; etc","url":"\/4.1-101.010\/","token":"4.1\/I\/1\/4.1-101.010","metadata":false},{"id":57706,"structure_id":13259,"section_number":"4.1-101.011","catch_line":"Reversion to the Commonwealth","url":"\/4.1-101.011\/","token":"4.1\/I\/1\/4.1-101.011","metadata":false},{"id":75389,"structure_id":13259,"section_number":"4.1-101.02","catch_line":"Appointment, salary, and powers of Chief Executive Officer; appointment of confidential assistant to the Chief Executive Officer","url":"\/4.1-101.02\/","token":"4.1\/I\/1\/4.1-101.02","metadata":false},{"id":80581,"structure_id":13259,"section_number":"4.1-101.03","catch_line":"Background investigations of Board members and Chief Executive Officer","url":"\/4.1-101.03\/","token":"4.1\/I\/1\/4.1-101.03","metadata":false},{"id":74090,"structure_id":13259,"section_number":"4.1-101.04","catch_line":"Financial interests of Board, employees, and family members prohibited","url":"\/4.1-101.04\/","token":"4.1\/I\/1\/4.1-101.04","metadata":false},{"id":70232,"structure_id":13259,"section_number":"4.1-101.05","catch_line":"Employees of the Authority","url":"\/4.1-101.05\/","token":"4.1\/I\/1\/4.1-101.05","metadata":false},{"id":85741,"structure_id":13259,"section_number":"4.1-101.06","catch_line":"Moneys of Authority","url":"\/4.1-101.06\/","token":"4.1\/I\/1\/4.1-101.06","metadata":false},{"id":57800,"structure_id":13259,"section_number":"4.1-101.07","catch_line":"Forms of accounts and records; 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limitations; variances; compliance with Title 33.2","url":"\/4.1-112.2\/","token":"4.1\/I\/1\/4.1-112.2","metadata":false},{"id":84178,"structure_id":13259,"section_number":"4.1-113","catch_line":"Board not to regulate certain advertising in the interiors of retail establishments","url":"\/4.1-113\/","token":"4.1\/I\/1\/4.1-113","metadata":false},{"id":85335,"structure_id":13259,"section_number":"4.1-113.1","catch_line":"Outdoor advertising; compliance with Title 33.2","url":"\/4.1-113.1\/","token":"4.1\/I\/1\/4.1-113.1","metadata":false},{"id":81493,"structure_id":13259,"section_number":"4.1-114","catch_line":"Annual review of operations of certain mixed beverage licensees","url":"\/4.1-114\/","token":"4.1\/I\/1\/4.1-114","metadata":false},{"id":68919,"structure_id":13259,"section_number":"4.1-115","catch_line":"Reports and accounting systems of Board; auditing books and records","url":"\/4.1-115\/","token":"4.1\/I\/1\/4.1-115","metadata":false},{"id":59758,"structure_id":13259,"section_number":"4.1-116","catch_line":"Disposition of moneys collected by Board; 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creation of Enterprise Fund; reserve fund","url":"\/4.1-116\/","token":"4.1\/I\/1\/4.1-116","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/4.1-115\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 1984, chapter 734; in 1993, chapter 866; in 2004, chapter 650<\/a>; in 2005, chapter 633<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":218711,"object_type":"law","relational_id":68919,"identifier":"4.1-115","token":"4.1\/I\/1\/4.1-115","url":"\/4.1-115\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/4.1-115\/","token":"4.1\/I\/1\/4.1-115","dublin_core":{"Title":"Reports and accounting systems of Board; auditing books and records","Type":"Text","Format":"text\/html","Identifier":"\u00a7 4.1-115","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Board<\/span> shall make reports to the Governor as he may require covering the administration and enforcement of this subtitle. Additionally, the Board<\/span> shall submit an annual report to the Governor and General Assembly on or before December 15 each year, which shall contain: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A statement of the nature and amount of the business transacted by each government store<\/span> during the year; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A statement of the assets<\/span> and liabilities of the Board<\/span>, including a statement of income and expenses and such other financial statements and matters as may be necessary to show the result of the operations of the Board<\/span> for the year; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A statement showing the taxes collected under this subtitle during the year; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> General information and remarks about the working of the alcoholic beverage control laws<\/span> within the Commonwealth; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Any other information requested by the Governor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Board<\/span> shall maintain an accounting system in compliance with generally accepted accounting principles and approved in accordance with § 2.2-803<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A regular postaudit shall be conducted of all accounts and transactions of the Board<\/span>. An annual audit of a fiscal and compliance nature of the accounts and transactions of the Board<\/span> shall be conducted by the Auditor of Public Accounts on or before October 1. The cost of the annual audit and postaudit examinations shall be borne by the Board<\/span>. The Board<\/span> may order<\/span> such other audits as it deems necessary. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREPORTS AND ACCOUNTING SYSTEMS OF BOARD; AUDITING BOOKS AND RECORDS (\u00a7 4.1-115)\n\nA. The Board shall make reports to the Governor as he may require covering the\nadministration and enforcement of this subtitle. Additionally, the Board shall\nsubmit an annual report to the Governor and General Assembly on or before\nDecember 15 each year, which shall contain:\n\n 1. A statement of the nature and amount of the business transacted by each\n government store during the year;\n\n 2. A statement of the assets and liabilities of the Board, including a\n statement of income and expenses and such other financial statements and\n matters as may be necessary to show the result of the operations of the Board\n for the year;\n\n 3. A statement showing the taxes collected under this subtitle during the\n year;\n\n 4. General information and remarks about the working of the alcoholic beverage\n control laws within the Commonwealth; and\n\n 5. Any other information requested by the Governor.\n\nB. The Board shall maintain an accounting system in compliance with generally\naccepted accounting principles and approved in accordance with § 2.2-803.\n\nC. A regular postaudit shall be conducted of all accounts and transactions of\nthe Board. An annual audit of a fiscal and compliance nature of the accounts and\ntransactions of the Board shall be conducted by the Auditor of Public Accounts\non or before October 1. The cost of the annual audit and postaudit examinations\nshall be borne by the Board. The Board may order such other audits as it deems\nnecessary.\n\nHISTORY: Code 1950, \u00a7 4-13; 1984, c. 734; 1993, c. 866; 2004, c. 650; 2005, c.\n633.","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}}