Virginia Code 46.2-710: Disposition of funds collected.
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From every noncompliance fee collected by the Commissioner under the provisions of this article, the Commissioner shall retain $100 to be placed in a special fund in the state treasury to be used to meet the expenses of the Department. All other funds collected by the Commissioner under the provisions of this article shall be paid into the state treasury and held in a special fund to be known as the Uninsured Motorists Fund to be disbursed as provided by law. The Commissioner may expend moneys from such funds, for the administration of this article, in accordance with the general appropriation act.
Terms Used In Virginia Code 46.2-710
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
1958, c. 407, § 46.1-167.6; 1989, c. 727; 2019, cc. 149, 193.