                                 CODE OF VIRGINIA

DR. MARTIN LUTHER KING, JR. COMMISSION FUND ESTABLISHED (§ 30-192.7)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Dr. Martin Luther King, Jr. Commission Fund, hereafter referred to
as &#8220;the Fund.&#8221; The Fund shall be established on the books of the
Comptroller. All moneys, including gifts, donations, grants, bequests, and other
funds from any source as may be received by the Commission, 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 supporting the Commission&#8217;s work
and as seed money to generate additional funds. 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 chairman, upon the approval of a
majority of the members of the Commission.

HISTORY: 2003, cc. 1035, 1037; 2005, c. 731.