CODE OF VIRGINIA

VIRGINIA CORN FUND ESTABLISHED (§ 3.2-1411)

There is hereby created in the state treasury a special nonreverting fund to be
known as the Virginia Corn Fund, hereafter referred to as “the
Fund.” The Fund shall be established on the books of the Comptroller. All
moneys levied and collected under the provisions of this chapter 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 purposes set forth in this chapter. In carrying out
the purposes of this chapter, the Corn Board may cooperate with other state,
regional, national, and international agricultural organizations in market
development, education, publicity, research, and the promotion of the sale and
use of corn. The proceeds from such activities shall be promptly paid into the
Virginia Corn Fund. The Auditor of Public Accounts shall audit all the accounts
of the Corn Board as provided for in § 30-133.Expenditures and disbursements
from the Fund shall be made by the Corn Board on warrants issued by the
Comptroller upon written request signed by the duly authorized officer of the
Corn Board.

HISTORY: 1980, c. 395, §§ 3.1-1047, 3.1-1048; 2008, c. 860.