                                 CODE OF VIRGINIA

DISTRIBUTION OF FUND (§ 3.2-3108)

A. The Fund shall be distributed by the Commission for the following purposes:

   1. The stimulation of economic growth and development in tobacco-dependent
   communities in an equitable manner throughout the Southside and Southwest
   regions of the Commonwealth, to assist such communities in reducing their
   dependency on, or finding alternative uses for, tobacco and tobacco-related
   business; and

   2. Scientific research performed at one of the Commonwealth&#8217;s National
   Cancer Institute-designated research institutes designed to advance the
   treatment and prevention of cancers that directly impact the citizens of
   tobacco-dependent communities throughout the Southside and Southwest regions
   of the Commonwealth.

B. The Commission may require that as a condition of receiving any grant or loan
incentive that is based on employment goals, a recipient company must provide
copies of employer quarterly payroll reports provided to the Virginia Employment
Commission to verify the employment status of any position included in the
employment goal.
			The Commission shall require that each project have an accountability matrix.
For an economic development program, the matrix shall be based on return on
investment, jobs, wages, and capital investment. For a scholarship program, the
matrix shall be based on attainment of bachelor&#8217;s degrees, credentials, or
jobs. For a health care program, the matrix shall be based on health care
outcomes. For an agriculture or forestry program, the matrix shall be based on
jobs, capital investment, amount of Virginia-grown agricultural and forestal
products used by the project, projected impact on agricultural and forestal
producers, and a return on investment analysis.
			The Commission shall require each applicant to provide with its application
(i) baseline figures, (ii) explicit and quantified outcome expectations, (iii)
the method used to calculate outcome expectations, (iv) details on the timing of
the expected outcomes, and (v) a specific link to economic revitalization and
the Strategic Plan.
			The Commission shall require that as a condition of receiving any grant or
loan incentive each project (a) demonstrate how it will address low employment
levels, per capita income, educational attainment, or other workforce
indicators; (b) be consistent with the Strategic Plan; and (c) receive a written
recommendation as to its financial viability and feasibility from the Manager
pursuant to subdivision A 9 of &#xA7; 3.2-3103.

HISTORY: 1999, cc. 880, 962, § 9-383; 2001, cc. 807, 844, § 3.1-1112; 2008, c.
860; 2012, c. 629; 2013, c. 547; 2015, cc. 399, 433.