                                 CODE OF VIRGINIA

VIRGINIA BUSINESS READY SITES ACQUISITION FUND (§ 2.2-2762)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Virginia Business Ready Sites Acquisition Fund, referred to in this
section as &#8220;the Fund.&#8221; The Fund shall be established on the books of
the Comptroller. All moneys appropriated by the General Assembly for the Fund,
and from any other sources, public or private, shall be paid into the state
treasury and credited to the Fund. Interest earned on moneys in the Fund shall
remain in the Fund and be credited to it. Any moneys remaining in the Fund,
including interest thereon, at the end of each fiscal year shall not revert to
the general fund but shall remain in the Fund. Moneys in the Fund shall be used
solely for the purposes of this chapter, which may include administrative costs
for due diligence, site acquisition activities, or site development activities,
as those terms are defined in § 2.2-2760. Expenditures and disbursements from
the Fund shall be made by the State Treasurer on warrants issued by the
Comptroller upon written request signed by the Director of the Department,
pursuant to subdivision B 2 of § 2.2-2761, or the Authority, pursuant to
subdivision B 1 or 3 of § 2.2-2761.

HISTORY: 2023, c. 779.