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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56740</law_id><section_number>58.1-4048</section_number><catch_line>Gaming Regulatory Fund</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>58.1-4032</reference><reference>58.1-4114</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="58.1">Taxation</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Sources of State Revenue</unit><unit label="chapter" level="3" order_by="1" identifier="40">Virginia Lottery Law; Sports Betting</unit><unit label="article" level="4" order_by="1" identifier="2">Sports Betting</unit></structure><text>
						<section><p>There is hereby created in the state treasury a special nonreverting fund to be known as the Gaming Regulatory Fund, referred to in this section as &#x201C;the Fund.&#x201D; The Fund shall be established on the books of the Comptroller. All funds appropriated for such purpose and any gifts, donations, grants, bequests, and other funds received on its 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, 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 to offset the <span class="dictionary">Department</span>&#x2019;s costs associated with (i) the conduct of investigations required by &#xA7;&#xA0;<a class="law" title="Application for a sports betting permit; penalty" href="/58.1-4032/">58.1-4032</a>, <a class="law" title="Reporting and investigating prohibited conduct" href="/58.1-4043/">58.1-4043</a>, <a class="law" title="Fingerprints and background investigations" href="/58.1-4104/">58.1-4104</a>, <a class="law" title="Submission of preferred casino gaming operator by eligible host city; application for operator's license; penalty" href="/58.1-4109/">58.1-4109</a>, <a class="law" title="Suspension or revocation of license or permit" href="/58.1-4116/">58.1-4116</a>, <a class="law" title="Consideration of service permit application" href="/58.1-4120/">58.1-4120</a>, or <a class="law" title="Suspension or revocation of service permit; civil penalty" href="/58.1-4121/">58.1-4121</a> or any other provision of this article or Chapter 41 (&#xA7;&#xA0;<a class="law" title="Definitions" href="/58.1-4100/">58.1-4100</a> et seq.) and (ii) the enforcement of regulations promulgated by the Virginia <span class="dictionary">Lottery</span> <span class="dictionary">Board</span> pursuant to subdivisions A 14 and 15 of &#xA7;&#xA0;<a class="law" title="Powers of the Board" href="/58.1-4007/">58.1-4007</a>, subdivision 2 of &#xA7;&#xA0;<a class="law" title="Powers and duties of the Board; regulations" href="/58.1-4102/">58.1-4102</a>, and &#xA7;&#xA0;<a class="law" title="Voluntary exclusion program" href="/58.1-4103/">58.1-4103</a>. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the <span class="dictionary">Director</span>.</p></section></text><history>2023, cc. 586, 587.</history><metadata></metadata></law>
