                                 CODE OF VIRGINIA

SEED FUND; ESTABLISHED (§ 3.2-4004)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Seed Fund, hereafter referred to as the &#8220;Fund.&#8221; The
Fund shall be established on the books of the Comptroller. All fees and
assessments paid pursuant to this article 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
carrying out the purpose of this article, except that the Commissioner shall
deposit 50 percent of the inspection fee to the credit of the Virginia
Agricultural Foundation Fund. The Virginia Agricultural Council shall administer
all funds received from this section for the exclusive funding of lawn and turf
research.

HISTORY: 1994, c. 577, § 3.1-275.7; 2008, c. 860.