                                 CODE OF VIRGINIA

GOVERNOR&#8217;S MOTION PICTURE OPPORTUNITY FUND (§ 2.2-2320)

There is created a Governor&#8217;s Motion Picture Opportunity Fund (the Fund)
to be used, in the sole discretion of the Governor, to support the film and
video industries in Virginia by providing the means for attracting production
companies and producers who make their projects in the Commonwealth using
Virginia employees, goods and services. The Fund shall consist of any moneys
appropriated to it in the general appropriation act or revenue from any other
source. The Fund shall be established on the books of the Comptroller and any
moneys remaining in the Fund at the end of a biennium shall not revert to the
general fund but shall remain in the Fund. Interest earned on the Fund shall be
credited to the Fund.
		The Fund shall be used by the Governor to assist production companies or
producers that meet the eligibility requirements set forth in the guidelines.
The Authority shall assist the Governor in the development of guidelines for the
use of the Fund. The guidelines may require that as a condition of receiving any
grant or loan incentive that is based on employment goals, a recipient company
must provide copies of employer quarterly payroll reports provided to the
Virginia Employment Commission to verify the employment status of any position
included in the employment goal. The guidelines should include provisions for
geographic diversity and a cap on the amount of money available for a certain
project. The types of projects eligible for consideration will be feature films,
children&#8217;s programs, documentaries, television series or other television
programs designed to fit a thirty-minute or longer format slot. Projects not
eligible are industrial, corporate or commercial projects, education programs
not intended for rebroadcast, adult films, music videos and news shows or
reports.

HISTORY: 1999, cc. 852, 881, § 2.1-548.61; 2001, c. 844; 2013, c. 547.