3.2-1906 - Peanut Fund established.
§ 3.2-1906. Peanut Fund established.
There is hereby created in the state treasury a special nonreverting fund tobe known as the Peanut Fund, hereafter referred to as "the Fund." The Fundshall be established on the books of the Comptroller. All moneys levied andcollected under the provisions of this chapter, after deducting the expenseto the Commonwealth of collecting the same, shall be paid into the statetreasury and credited to the Fund.
Interest earned on moneys in the Fund shall remain in the Fund and becredited 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 shallremain in the Fund. Moneys in the Fund shall be used solely for the purposesof paying the costs of collecting the tax levied on peanuts pursuant to thischapter, the administration of this chapter, including payment for personalservices and expenses of employees and agents of the Peanut Board, rent,services, materials, and supplies necessary to effectuate the purposes ofthis chapter. Expenditures and disbursements from the Fund shall be made bythe Peanut Board on warrants issued by the Comptroller upon written requestsigned by a duly authorized officer of the Peanut Board.
The Auditor of Public Accounts shall audit all the accounts of the PeanutBoard as is provided for in § 30-133.
(Code 1950, §§ 3-525.16, 3-525.17; 1966, c. 702, §§ 3.1-662, 3.1-663; 1978,c. 540; 2008, c. 860.)