                                 CODE OF VIRGINIA

WASTE TIRE TRUST FUND ESTABLISHED; USE OF MONEYS; PURPOSE OF FUND (§
10.1-1422.3)

A. All moneys collected pursuant to &#xA7; 58.1-642, minus the necessary
expenses of the Department of Taxation for the administration of this tire
recycling fee as certified by the Tax Commissioner, shall be paid into the
treasury and credited to a special nonreverting fund known as the Waste Tire
Trust Fund, which is hereby established. Any moneys remaining in the Fund shall
not revert to the general fund but shall remain in the Fund. Interest earned on
such moneys shall remain in the Fund and be credited to it. The Department of
Waste Management is authorized and empowered to release moneys from the Fund, on
warrants issued by the State Comptroller, for the purposes enumerated in this
section, or any regulations adopted thereunder.

B. Moneys from the Fund shall be expended to:

   1. Pay the costs of implementing the waste tire plan authorized by &#xA7;
   10.1-1422.1, as well as the costs of any programs created by the Department
   pursuant to such a plan;

   2. Provide partial reimbursement to persons for the costs of using waste tires
   or chips or similar materials; and

   3. Pay the costs to remove waste tire piles from property pursuant to &#xA7;
   10.1-1418.4, to the extent funds are available from the increased revenues
   generated by the increased tire recycling fee collected beginning July 1,
   2003, and ending July 1, 2006, in accordance with &#xA7; 58.1-641.

C. Reimbursements under &#xA7; 10.1-1422.4 shall not be made until regulations
establishing reimbursement procedures have become effective.

HISTORY: 1993, c. 211; 2003, c. 101.