                                 CODE OF VIRGINIA

VIRGINIA FOOD ACCESS INVESTMENT FUND (§ 36-156.4)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Virginia Food Access Investment Fund. The Fund shall be established
on the books of the Comptroller. All funds appropriated for such purpose and any
gifts, donations, grants, bequests, and other funds received on its behalf 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 establishing collaborative
and cooperative projects with public and private sector partners to improve food
access in Virginia. The Fund shall be used to provide funding for the
construction, rehabilitation, equipment upgrades, or expansion of grocery
stores, small food retailers, or innovative food retail projects in underserved
communities. 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 of the Department of Agriculture and Consumer
Services.

HISTORY: 2020, cc. 956, 957.