                                 CODE OF VIRGINIA


ADVANCED MANUFACTURING TALENT INVESTMENT FUND (§ 23.1-1244)

A. There is hereby created in the state treasury a special nonreverting fund to
be known as the Advanced Manufacturing Talent Investment Fund. The Fund shall be
established on the books of the Comptroller. All funds appropriated for the Fund
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 as set forth in subsection B. Expenditures and
disbursements from the Fund shall be made by the State Treasurer on warrants
issued by the Comptroller.

B. The General Assembly establishes a long-term goal of supporting the efforts
to increase the number of new eligible credentials. Moneys in the Fund shall be
used to support this effort and to improve the readiness of graduates to be
employed in advanced manufacturing fields and fields that align with advanced
manufacturing growth opportunities identified by the Virginia Economic
Development Partnership. Funds from the Fund may be used as directed by the
appropriation act.

HISTORY: 2022, cc. 499, 500.