§ 2.2-2320. Governor's Motion Picture Opportunity Fund
There is created a Governor's Motion Picture Opportunity Fund (the Fund) to be used, in the sole discretion of the Governor, to support the film and video industries in Virginia by providing the means for attracting production companies and producers who make their projects in the Commonwealth using Virginia employees, goods and services. The Fund shall consist of any moneys appropriated to it in the general appropriation act or revenue from any other source. The Fund shall be established on the books of the Comptroller and any moneys remaining in the Fund at the end of a biennium shall not revert to the general fund but shall remain in the Fund. Interest earned on the Fund shall be credited to the Fund.
The Fund shall be used by the Governor to assist production companies or producers that meet the eligibility requirements set forth in the guidelines. The Authority shall assist the Governor in the development of guidelines for the use of the Fund. The guidelines should include provisions for geographic diversity and a cap on the amount of money available for a certain project. The types of projects eligible for consideration will be feature films, children's programs, documentaries, television series or other television programs designed to fit a thirty-minute or longer format slot. Projects not eligible are industrial, corporate or commercial projects, education programs not intended for rebroadcast, adult films, music videos and news shows or reports.
(1999, cc. 852, 881, § 2.1-548.61; 2001, c. 844.)
Sections: Previous 2.2-2313 2.2-2314 2.2-2315 2.2-2316 2.2-2317 2.2-2318 2.2-2319 2.2-2320 2.2-2321 2.2-2322 2.2-2323 2.2-2324 2.2-2325 2.2-2326 2.2-2327 NextLast modified: April 2, 2009