                                 CODE OF VIRGINIA

TRUST FUND FOR LONG-TERM CARE PROGRAMS (§ 51.1-513.4)

The Board is authorized to establish a trust fund in connection with the
long-term care insurance programs administered under §§ 51.1-513.2 and
51.1-513.3. The costs incurred by the Board in administering such long-term care
insurance programs including the provision of case management and cost
containment programs, shall be withdrawn from time to time by the Board from the
trust fund. Any trust fund established by the Board 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 law for
benefits, refunds, and administrative expenses, including but not limited to
legislative oversight of the long-term care insurance programs administered
under §§ 51.1-513.2 and 51.1-513.3.

HISTORY: 2008, c. 568.