                                 CODE OF VIRGINIA

VETERANS SERVICES FUND (§ 2.2-2718)

A. There is created the Veterans Services Fund, a special nonreverting trust
fund on the books of the Comptroller, to be administered by the Foundation.

B. The Fund shall include such funds as may be appropriated by the General
Assembly, revenues transferred to the Fund from other state programs established
for the Fund&#8217;s benefit, and designated gifts, contributions, and bequests
of money, securities, or other property of whatsoever character.

C. The Fund shall be used solely for the purposes of carrying out the applicable
provisions of this article. The unrestricted portion of the Fund may be used for
Foundation expenses, subject to approval by the board of trustees. Allocations
and expenditures of donated restricted funds shall be in accordance with the
provisions of the Uniform Prudent Management of Institutional Funds Act (&#xA7;
64.2-1100 et seq.). Expenditures and disbursements from the Fund shall be made
by the State Treasurer on warrants issued by the Comptroller upon written
authorization of the Executive Director with the approval of the board of
trustees.

D. All money, securities, or other property designated for the Fund and any
interest or income therefrom shall remain in the Fund and shall not revert to
the general fund.

HISTORY: 2003, cc. 657, 670; 2010, c. 369; 2017, cc. 505, 622.