Code of Virginia - Title 30 General Assembly - Section 30-307 (For contingent expiration, see Editor's note) Virginia Commission on Energy and Environment Fund e...

§ 30-307. (For contingent expiration, see Editor's note) Virginia Commission on Energy and Environment Fund e...

There is hereby created in the state treasury a special nonreverting fund to be known as the Virginia Commission on Energy and Environment Fund, hereafter referred to as the "Fund." The Fund shall be established on the books of the Comptroller and shall consist of gifts, grants and donations, bequests, general fund appropriations, or other funds from any source as may be received by the Commission for its work. Moneys 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 purpose of enabling the Commission to undertake such studies and gather informational data as may be necessary to accomplish its purposes as set forth in this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request of the chairman of the Commission.

(2008, c. 882.)

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Last modified: April 3, 2009