                                 CODE OF VIRGINIA

VIRGINIA HORSE INDUSTRY PROMOTION AND DEVELOPMENT FUND ESTABLISHED (§ 3.2-1704)

A. There is hereby created in the state treasury a special nonreverting fund to
be known as the Virginia Horse Industry Promotion and Development Fund,
hereafter referred to as &#8220;the Fund.&#8221; The Fund shall be established
on the books of the Comptroller. All assessments collected pursuant to this
chapter 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 or be transferred to the general fund but shall
remain in the Fund. Moneys in the Fund shall be used solely for the purpose of
carrying out the provisions of this chapter.

B. The Auditor of Public Accounts shall audit all the accounts of the Horse
Industry Board as provided in &#xA7; 30-133.

C. Expenditures and disbursements from the Fund shall be made by the Horse
Industry Board on warrants issued by the Comptroller upon written request signed
by a duly authorized officer of the Horse Industry Board.

HISTORY: 2005, cc. 497, 588, § 3.1-22.58; 2008, c. 860.