                                 CODE OF VIRGINIA

HOUSING REVITALIZATION ZONE FUND ESTABLISHED (§ 36-167)

There shall be set apart as a permanent and perpetual fund, known as the
&#8220;Housing Revitalization Zone Fund,&#8221; sums appropriated to the Fund by
the General Assembly, all income from investments of moneys held in the Fund,
and any other sums designated for deposit to the Fund from any source, public or
private. The Fund is created for the purpose of making grant payments to
qualified business firms and qualified owner occupants. The Fund shall be
administered and managed by the Virginia Housing Development Authority, subject
to the right of the Department to direct the distribution of grants from the
Fund for the payment of grants awarded by the Department to qualified business
firms and qualified owner occupants.

HISTORY: 2000, cc. 789, 795.