                                 CODE OF VIRGINIA

(EXPIRES JULY 1, 2026) VIRGINIA COLLABORATIVE ECONOMIC DEVELOPMENT PERFORMANCE
GRANT FUND (§ 2.2-5108)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Virginia Collaborative Economic Development Performance Grant Fund.
The Fund shall be established on the books of the Comptroller and administered
by the Board. All funds appropriated for such purpose 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 providing grants to participating
localities pursuant to this chapter. 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 chairman of the Board.

HISTORY: 2016, cc. 776, 777.