3.2-2111 - Virginia Sheep Industry Promotion and Development Fund established.
§ 3.2-2111. Virginia Sheep Industry Promotion and Development Fundestablished.
There is hereby created in the state treasury a special nonreverting fund tobe known as the Virginia Sheep Industry Promotion and Development Fund,hereafter referred to as "the Fund." The Fund shall be established on thebooks of the Comptroller. All assessments paid pursuant to § 3.2-2112 shallbe paid into the state treasury and credited to the Fund. Interest earned onmoneys in the Fund shall remain in the Fund and be credited to it. Any moneysremaining in the Fund, including interest thereon, at the end of each fiscalyear 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 carrying out theprovisions of this chapter. Expenditures and disbursements from the Fundshall be made by the Sheep Industry Board on warrants issued by theComptroller upon written request by a duly authorized officer of the SheepIndustry Board.
The Auditor for Public Accounts shall audit all the accounts of the SheepIndustry Board as provided in § 30-133.
(1995, c. 691, § 3.1-1076; 2008, c. 860.)