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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72025</law_id><section_number>51.1-513.4</section_number><catch_line>Trust fund for long-term care programs</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="51.1">Pensions, Benefits, and Retirement</unit><unit label="chapter" level="2" order_by="1" identifier="5">Group Insurance Program</unit></structure><text>
						<section><p>The <span class="dictionary">Board</span> is authorized to establish a trust fund in connection with the long-term care <span class="dictionary">insurance programs</span> administered under &#xA7;&#xA7;&#xA0;<a class="law" title="Long-term care coverage program" href="/51.1-513.2/">51.1-513.2</a> and <a class="law" title="Long-term care insurance program for employees of local governments, local officers, and teachers" href="/51.1-513.3/">51.1-513.3</a>. The costs incurred by the <span class="dictionary">Board</span> in administering such long-term care <span class="dictionary">insurance programs</span> including the provision of case management and cost containment programs, shall be withdrawn from time to time by the <span class="dictionary">Board</span> from the trust fund. Any trust fund established by the <span class="dictionary">Board</span> under this section shall be deemed a separate and independent trust fund, shall be segregated from all other funds of the Commonwealth, and shall be invested and administered solely in the interests of the participants and beneficiaries thereof. Neither the General Assembly nor any public officer, employee, or agency shall use or authorize the use of such trust funds for any purpose other than as provided in <span class="dictionary">law</span> for benefits, refunds, and administrative expenses, including but not limited to legislative oversight of the long-term care <span class="dictionary">insurance programs</span> administered under &#xA7;&#xA7;&#xA0;<a class="law" title="Long-term care coverage program" href="/51.1-513.2/">51.1-513.2</a> and <a class="law" title="Long-term care insurance program for employees of local governments, local officers, and teachers" href="/51.1-513.3/">51.1-513.3</a>.</p></section></text><history>2008, c. 568.</history><metadata></metadata></law>
