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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) There is hereby created in the State Treasury a special revenue account to be known as the West Virginia Agriculture Investment Fund. The fund shall be administered by the Department of Agriculture. The fund shall consist of all moneys that may be appropriated and designated for the fund by the Legislature, and all interest or other return earned from investment of the fund. The fund may receive any appropriations, gifts, grants, contributions, or other money from any source that is designated for deposit into the fund.
(b) Expenditures from the fund shall be for the purposes set forth in this article and are not authorized from collections but are to be made only in accordance with appropriation by the Legislature and in accordance with the provisions of § 12-3-1 et seq. of this code and upon fulfillment of the provisions of § 11B-2-1 et seq. of this code. Any balance, including accrued interest and other returns, remaining in the fund at the end of each fiscal year shall not revert to the General Revenue Fund, but shall remain in the fund and be expended as provided by this section.
Cite this article: FindLaw.com - West Virginia Code Chapter 19. Agriculture § 19-38-3. Agriculture Investment Fund created - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-19-agriculture/wv-code-sect-19-38-3/
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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