                                 CODE OF VIRGINIA

VIRGINIA SPIRITS PROMOTION FUND ESTABLISHED (§ 3.2-3012)

A. There is hereby created in the state treasury a special nonreverting fund to
be known as the Virginia Spirits Promotion Fund, hereafter referred to as
&#8220;the Fund.&#8221; The Fund shall be established on the books of the
Comptroller. The Fund shall consist of all moneys appropriated to it by the
General Assembly, moneys received pursuant to &#xA7; 4.1-235, grants of private
or government funds designated for specified activities authorized pursuant to
this chapter, fees for services rendered pursuant to this chapter, and payments
for products, equipment, or material or other goods supplied. All moneys 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 carrying out the provisions
of 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 duly authorized officer of the Board.

B. The Board shall meet and evaluate proposals from applicants for funding from
the Fund. The Board&#8217;s final recommendations shall be made by recorded
vote.

C. The Auditor of Public Accounts shall audit all accounts as provided in &#xA7;
30-133.

HISTORY: 2020, cc. 85, 410; 2022, cc. 84, 85.