58.1-1611 - Allocation of tax to localities.
§ 58.1-1611. Allocation of tax to localities.
Notwithstanding the provisions of §§ 58.1-1609 and 58.1-1610, fifty percentof tax collected within any county or city shall be allocated for expenditurewithin such county or city. Such sums shall be used within such county orcity for the same purposes for which the tax was levied. Any sums not soexpended within a two-year period shall revert to the "Reforestation ofTimberlands State Fund" for expenditure on a statewide basis at the end ofeach fiscal year.
(Code 1950, § 58-838.7:1; 1971, Ex. Sess., c. 179; 1978, c. 72; 1981, c. 372;1984, cc. 675, 750.)