§ 3.1-662. (Repealed effective October 1, 2008) Creation and administration of Peanut Fund
All moneys levied and collected under the provisions of this chapter, after deducting the expense to the Commonwealth of collecting the same, shall be credited on the Comptroller's books to a fund to be known as the "Peanut Fund" which is hereby created.
The costs of collecting the tax levied hereby shall be paid out of the Peanut Fund and the net proceeds of such fund are hereby appropriated for the purposes herein set forth, and shall be used exclusively for the administration of this chapter, including payment for personal services and expenses of employees and agents of the Board, rent, services, materials and supplies necessary to effectuate the purposes and object of this chapter. The Auditor of Public Accounts shall audit all the accounts of the Board as is provided for in § 30-133. The unexpended balance of the Peanut Fund at the end of each biennium shall not be transferred to the general fund of the state treasury.
(Code 1950, § 3-525.16; 1966, c. 702; 1978, c. 540.)
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