Code of Virginia § 10.1-2202.1. Historic Resources Fund established; administration; purpose.
201 words·~1 min read·
/va/title-10-1/chapter-22/10-1-2202-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. There is hereby established a special, nonreverting fund in the state treasury to be known as the Historic Resources Fund, hereafter referred to as the Fund. The Fund shall be administered and managed by the Director and used for the general purposes of education, financing of museum operating and capital expenses, performing research, and conducting special historic preservation projects as identified by the Department and the donors. The Fund shall consist of appropriations from the General Assembly designated for the Fund, any gifts and bequests, cash and noncash, and all proceeds from the sale of Department publications and educational or promotional material, income from contracted services, and grants.
Initial funding shall be made by a transfer of existing donations and special funds consistent with the intent of this new fund.
B. The Fund shall be established on the books of the State Comptroller. Any moneys remaining in the Fund shall not revert to the general fund but shall remain in the Fund. Interest earned on such moneys shall remain in the Fund and be credited to it. Any income earned from gifts, bequests, securities, and other property shall be deposited to the credit of the Fund.
1995, c. 21 .