§ 3.2-506 — Farmers Major Disaster Fund established

Virginia § 3.2-506

• Jurisdiction: Virginia
• Title 3.2: AGRICULTURE, ANIMAL CARE, AND FOOD
• Subtitle I: GENERAL PROVISIONS; PROTECTION AND PROMOTION OF AGRICULTURE
• Ch. 5: FARMER MAJOR DROUGHT, FLOOD, AND HURRICANE DISASTER ASSISTANCE

Text

There is hereby created in the state treasury a special nonreverting fund to be known as the Farmers Major Disaster Fund, hereafter referred to as "the Fund." The Fund shall be established on the books of the Comptroller. All moneys allocated by the Governor from appropriations made to the Governor for disaster planning and operations pursuant to the declaration of the state disaster under Chapter 3.2 (§ 44-146.13 et seq.) of Title 44 shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited 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 shall remain in the Fund. Moneys in the Fund shall be used solely for the purposes of emergency services programs pursuant to § 3.2-505 and all loans made pursuant to this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Commissioner.

Legislative History

1978, c. 837, § 3.1-22.20; 2008, c. 860.