3.2-3005 - Virginia Wine Promotion Fund established.
§ 3.2-3005. Virginia Wine Promotion Fund established.
A. There is hereby created in the state treasury a special nonreverting fundto be known as the Virginia Wine Promotion Fund, hereafter referred to as"the Fund." The Fund shall be established on the books of the Comptroller.The Fund shall consist of all moneys appropriated to it by the GeneralAssembly, grants of private or government funds designated for specifiedactivities authorized pursuant to this chapter, fees for services renderedpursuant to this chapter, payments for products, equipment, or material orother goods supplied. All moneys shall be paid into the state treasury andcredited to the Fund. Interest earned on moneys in the Fund shall remain inthe Fund and be credited to it. Any moneys remaining in the Fund, includinginterest thereon, at the end of each fiscal year shall not revert to thegeneral fund but shall remain in the Fund. Moneys in the Fund shall be usedsolely for the purposes of carrying out the provisions of this chapter.Expenditures and disbursements from the Fund shall be made by the StateTreasurer on warrants issued by the Comptroller upon written request signedby the duly authorized officer of the Wine Board.
B. The Wine Board shall meet and evaluate proposals from applicants forfunding from the Fund. The Wine Board's final recommendations shall be madeby recorded vote. Not less than one-third of the funding allocated by theWine Board annually, excluding revenue-producing activities engaged inpursuant to § 3.2-3006, shall be expended for projects that advanceviticulture and enological research concerning the growing of grapes and theproduction of wine in Virginia.
C. The Auditor of Public Accounts shall audit all accounts as provided in §30-133.
(2004, cc. 89, 319, § 3.1-1064.6; 2008, c. 860.)