                                 CODE OF VIRGINIA

 EXPENSE OF ACQUIRING AND OPERATING COAL PROPERTY; FUNDS DERIVED FROM OPERATION
(§ 45.2-614)

The expense of acquiring and operating any property acquired under this article
shall be paid out of moneys transferred from the general fund that are not
otherwise appropriated. Such transfer shall be made upon such authorization as
the Governor prescribes and shall be credited to the account of the Commission,
and all funds and revenues derived from or received as a result of such
operations shall be paid into the state treasury and credited to the same
account. Any amount transferred upon authorization of the Governor from the
general fund shall be designated as the &#8220;Capital Account&#8221; of the
Commission. Such amount, or the residue thereof, together with any surplus that
accrues, shall be returned to the general fund in the event of liquidation or,
in the absence of liquidation, in such installments and at such times as the
Governor prescribes.

HISTORY: Code 1950, § 45-152; 1950, p. 32; 1966, c. 594, § 45.1-152; 1994, c.
28, § 45.1-161.321; 2021, Sp. Sess. I, c. 387.