                                 CODE OF VIRGINIA

VIRGINIA INDUSTRIAL HEMP FUND (§ 3.2-4121)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Virginia Industrial Hemp Fund, hereafter referred to as &#8220;the
Fund,&#8221; for the purposes of this article. The Fund shall be established on
the books of the Comptroller. All moneys levied and collected under the
provisions of 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 to the general fund but shall
remain in the Fund. Moneys in the Fund shall be used by the Department solely
for carrying out the purposes 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 Commissioner.

HISTORY: 2020, cc. 659, 660; 2023, cc. 744, 794.