2.2-2320 - Governor's Motion Picture Opportunity Fund.
§ 2.2-2320. Governor's Motion Picture Opportunity Fund.
There is created a Governor's Motion Picture Opportunity Fund (the Fund) tobe used, in the sole discretion of the Governor, to support the film andvideo industries in Virginia by providing the means for attracting productioncompanies and producers who make their projects in the Commonwealth usingVirginia employees, goods and services. The Fund shall consist of any moneysappropriated to it in the general appropriation act or revenue from any othersource. The Fund shall be established on the books of the Comptroller and anymoneys remaining in the Fund at the end of a biennium shall not revert to thegeneral fund but shall remain in the Fund. Interest earned on the Fund shallbe credited to the Fund.
The Fund shall be used by the Governor to assist production companies orproducers that meet the eligibility requirements set forth in the guidelines.The Authority shall assist the Governor in the development of guidelines forthe use of the Fund. The guidelines should include provisions for geographicdiversity and a cap on the amount of money available for a certain project.The types of projects eligible for consideration will be feature films,children's programs, documentaries, television series or other televisionprograms designed to fit a thirty-minute or longer format slot. Projects noteligible are industrial, corporate or commercial projects, education programsnot intended for rebroadcast, adult films, music videos and news shows orreports.
(1999, cc. 852, 881, § 2.1-548.61; 2001, c. 844.)