                                 CODE OF VIRGINIA

BEEHIVE GRANT FUND (§ 3.2-4415)

From such funds as may be appropriated by the General Assembly and any gifts,
grants, or donations from public or private sources, there is hereby created in
the state treasury a special nonreverting, permanent fund to be known as the
Beehive Grant Fund (the Fund), to be administered by the Department of
Agriculture and Consumer Services. The Fund shall be established on the books of
the Comptroller. Interest earned on moneys in the Fund shall remain in the Fund
and be credited to it. Any moneys remaining in the Fund at the end of each
fiscal year, including interest thereon, shall not revert to the general fund
but shall remain in the Fund. Expenditures and disbursements from the Fund,
which shall be in the form of grants, shall be made by the State Treasurer on
warrants issued by the Comptroller upon the written request signed by the
Commissioner. Grants from the Fund shall only be made for the purposes of the
beehive distribution program pursuant to § 3.2-4416.

HISTORY: 2012, cc. 412, 473.