Bill Text: VA SB545 | 2014 | Regular Session | Chaptered
Bill Title: Reforestation Operations Fund; changes current Fund to nonreverting special fund.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2014-03-17 - Governor: Acts of Assembly Chapter text (CHAP0263) [SB545 Detail]
Download: Virginia-2014-SB545-Chaptered.html
Be it enacted by the General Assembly of Virginia: 1. That §10.1-1116 of the Code of Virginia is amended and reenacted as follows: §10.1-1116. Reforestation Operations Fund. All money obtained from the state forests, except as provided
in subsection E of §10.1-1107, shall be paid into a special nonreverting
fund in the state treasury, to the credit of the Reforestation Operations
Fund (the Fund). Interest earned on the 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. The moneys in |