                                 CODE OF VIRGINIA

LOTTERY PROCEEDS FUND (§ 58.1-4022.1)

A. There is hereby created in the state treasury a special nonreverting fund to
be known as the Lottery Proceeds Fund, hereafter referred to as the
&#8220;Fund.&#8221; The Fund shall be established on the books of the
Comptroller and 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. The Fund shall consist of amounts deposited into it
from the net revenues of any lottery conducted by the Commonwealth pursuant to
Article X, Section 7-A of the Constitution of Virginia.

B. For purposes of any appropriation act enacted by the General Assembly and for
the purposes of the Comptroller&#8217;s preliminary and final annual reports
required by &#xA7; 2.2-813, all deposits to and appropriations from the Lottery
Proceeds Fund shall be accounted for and considered to be a part of the general
fund of the state treasury.

HISTORY: 2000, cc. 622, 713; 2002, cc. 829, 866.