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Current as of January 01, 2025 | Updated by Findlaw Staff
There is hereby created in the state treasury a special nonreverting fund to be known as the Bright Flue-Cured Tobacco Promotion Fund, hereafter referred to as “the Fund.” The Fund shall be established on the books of the Comptroller. All moneys levied and collected under this chapter on all bright flue-cured tobacco 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 carrying out the administration and enforcement of this chapter with respect to bright flue-cured tobacco, including the collection of assessments, the payment of personal services and expenses of agents of the Tobacco Board, and the payment of rent, services, materials, and supplies necessary to effectuate the purposes of this chapter. Expenditures and disbursements from the Fund shall be made by the Tobacco Board on warrants issued by the Comptroller upon written request signed by a duly authorized officer of the Tobacco Board.
The Auditor of Public Accounts shall audit all the accounts of the Tobacco Board as is provided for in § 30-133.
Cite this article: FindLaw.com - Virginia Code Title 3.2. Agriculture, Animal Care, and Food § 3.2-2407. Bright Flue-Cured Tobacco Promotion Fund established - last updated January 01, 2025 | https://codes.findlaw.com/va/title-3-2-agriculture-animal-care-and-food/va-code-sect-3-2-2407/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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