                                 CODE OF VIRGINIA

ALL MONEYS RECEIVED TO BE TRUST FUNDS; DISBURSEMENTS (§ 10.1-310)

All moneys received pursuant to the authority of this chapter, whether as
proceeds from the sale of revenue bonds, as grants or other contributions, or as
tolls and revenues, shall be held and applied solely as provided in this
chapter. The Director shall, in the resolution or the trust indenture, provide
for the payment of the proceeds of the sale of the bonds and the tolls and
revenues to be received into the state treasury and carried on the books of the
Comptroller in a special account. The Director may provide for the turning over,
transfer or paying over of such funds from the state treasury to any officer,
agency, bank or trust company, who shall act as trustee of the funds, and hold
and apply the fees for the purposes of this chapter subject to such regulation
as this chapter and the resolution or trust indenture may provide.
		All moneys paid into the state treasury pursuant to the provisions of this
chapter are hereby appropriated to the Department for the purpose of carrying
out the provisions of this chapter. Disbursements and payments of moneys so paid
into the state treasury shall be made by the State Treasurer upon warrants of
the State Comptroller which he shall issue upon vouchers signed by the Director
or his designee.

HISTORY: Code 1950, § 10-109; 1986, c. 498; 1988, c. 891.