                                 CODE OF VIRGINIA

BIRTH-RELATED NEUROLOGICAL INJURY COMPENSATION FUND; ASSETS OF THE FUND; AUDIT
(§ 38.2-5015)

A. There is established the Birth-Related Neurological Injury Compensation Fund
to finance the Virginia Birth-Related Neurological Injury Compensation Program
created by this chapter. The assets of the Fund administered by the board of
directors of the Program are trust funds and shall be used solely in the
interest of the recipients of awards pursuant to &#xA7; 38.2-5009 and to
administer the Program.

B. An independent certified public accountant selected by the board of directors
of the Program shall annually audit the accounts of the Fund, and the cost of
such audit services shall be borne by the Program and be paid from moneys
designated for such purposes in the Fund. The audit shall be performed at least
each fiscal year, in accordance with generally accepted auditing standards and,
accordingly, include such tests of the accounting records and such auditing
procedures as considered necessary under the circumstances. The board of
directors shall furnish copies of the audit to the same persons who are entitled
to receive copies of the board&#8217;s report on investment of the Fund&#8217;s
assets.

HISTORY: 1987, c. 540; 1999, c. 826; 2003, c. 897.