Code of Virginia § 38.2-225. Disposition of fines and penalties.

143 words·~1 min read·/va/title-38-2/chapter-2/38-2-225

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. All fines recovered for criminal violations of this title or for criminal violations of rules, regulations, or orders issued pursuant to this title shall be paid into the state treasury to the credit of the Literary Fund.

B. All penalties and compromise settlements recovered for civil violations of this title or civil violations of rules, regulations, or orders issued pursuant to this title shall be paid into the state treasury. Pursuant to §§ 38.2-1620 and 38.2-1718 these funds shall be credited to the Literary Fund or if the Commission determines a need, to either

(i)the Virginia Property and Casualty Insurance Guaranty Association established pursuant to Chapter 16 of this title or

(ii)the Virginia Life, Accident and Sickness Insurance Guaranty Association established pursuant to Chapter 17 of this title.

Code 1950, § 38-25; 1952, c. 317, § 38.1-42; 1986, c. 562.