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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87331</law_id><section_number>46.2-1503.3</section_number><catch_line>Motor Vehicle Dealer Board Fund; receipts; disbursements</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="46.2">Motor Vehicles</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Dealers and Driver Training Schools</unit><unit label="chapter" level="3" order_by="1" identifier="15">Motor Vehicle Dealers</unit><unit label="article" level="4" order_by="1" identifier="1">Motor Vehicle Dealers, Generally</unit></structure><text>
						<section><p>The <span class="dictionary">Motor Vehicle Dealer</span> <span class="dictionary">Board</span> <span class="dictionary">Fund</span> is established as a special <span class="dictionary">fund</span> in the state treasury. Except as otherwise provided in this chapter, all fees collected as provided in this chapter and by regulations promulgated by the <span class="dictionary">Board</span>, shall be paid into the state treasury immediately upon collection and credited to the <span class="dictionary">Motor Vehicle Dealer</span> <span class="dictionary">Board</span> <span class="dictionary">Fund</span>. Any interest income shall accrue to the <span class="dictionary">Motor Vehicle Dealer</span> <span class="dictionary">Board</span> <span class="dictionary">Fund</span>. All disbursements from the <span class="dictionary">Fund</span> shall be made by the State Treasurer upon warrants of the Comptroller issued upon vouchers signed by an authorized officer of the <span class="dictionary">Board</span> or the Executive Director as authorized by the <span class="dictionary">Board</span>.</p></section></text><history>1995, cc. 767, 816; 1998, c. 325.</history><metadata></metadata></law>
