§ 3.2-2407. (Effective October 1, 2008) Bright Flue-Cured Tobacco Promotion Fund established.
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 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, including the collection of taxes, the payment of personal services and expenses of employees and agents of the Bright Flue-Cured 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 Bright Flue-Cured Tobacco Board on warrants issued by the Comptroller upon written request signed by a duly authorized officer of the Bright Flue-Cured Tobacco Board.
The Auditor of Public Accounts shall audit all the accounts of the Bright Flue-Cured Tobacco Board as is provided for in § 30-133.
(Code 1950, §§ 3-253, 3-254; 1966, c. 702, §§ 3.1-332, 3.1-333; 1978, c. 540; 2008, c. 860.)
Sections: Previous 3.2-2400 3.2-2401 3.2-2402 3.2-2403 3.2-2404 3.2-2405 3.2-2406 3.2-2407 3.2-2408 3.2-2409 3.2-2410 3.2-2411 NextLast modified: April 16, 2009