10.1-2139 - Foundation for Virginia's Natural Resources Trust Fund.
§ 10.1-2139. Foundation for Virginia's Natural Resources Trust Fund.
A. The Foundation for Virginia's Natural Resources shall establish,administer, manage, including the creation of reserves, and make expendituresand allocations from a special nonreverting fund in the state treasury to beknown as the Virginia's Natural Resources Trust Fund, hereinafter referred toas "the Fund." The Foundation shall establish and administer the Fundsolely for the purpose of carrying out the provisions of this chapter.
B. The Fund shall consist of gifts, endowments, or grants from the UnitedStates government, its agencies and instrumentalities, and funds from anyother available sources, public or private.
C. Any moneys remaining in the Fund, including interest thereon, at the endof each fiscal year shall not revert to the general fund but shall remain inthe Fund. Moneys in the Fund shall be used solely for the purposes ofcarrying out the provisions of this chapter, including encouraging andsupporting education and outreach strategies for environmental education,pollution prevention, or citizen monitoring. Expenditures and disbursementsfrom the Fund shall be made by the State Treasurer on warrants issued by theComptroller upon written request signed by a duly authorized member of theBoard of Trustees.
(2005, c. 351.)