                                 CODE OF VIRGINIA

VIRGINIA COMMISSION FOR THE ARTS FUND (§ 23.1-3227)

A. There is created in the state treasury a special nonreverting fund to be
known as the Virginia Commission for the Arts Fund, referred to in this article
as &#8220;the Fund.&#8221; The Fund shall be established on the books of the
Comptroller.

B. The Fund shall include such funds as may be appropriated by the General
Assembly; revenues transferred to the Fund from the special license plates for
Virginians for the Arts program pursuant to &#xA7; 46.2-749.2:2; voluntary
contributions collected through the income tax checkoff for the arts pursuant to
subdivision B 8 of &#xA7; 58.1-344.3; and designated gifts, contributions, and
bequests of money, securities, or property of any other character.

C. All money, securities, or other property designated 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. Expenditures and
disbursements from the Fund shall be made by the State Treasurer on warrants
issued by the Comptroller upon written request signed by persons authorized by
the Commission. The Fund&#8217;s principal is not subject to expenditure by the
Commission.

HISTORY: 2016, c. 588; 2022, c. 437.