Virginia Code 63.2-2103: Management of the Family and Children’s Trust Fund; counsel
A. All funds received by the Family and Children’s Trust Fund shall be paid to the treasury of Virginia, which shall be custodian of the Family and Children’s Trust Fund. Such funds shall be set aside as a separate fund and shall be managed by the Treasurer of Virginia at the discretion of the Board of Trustees. The net earnings of the Trust Fund shall not inure to the benefit of any private person or entity, except that the Board of Trustees may authorize payment of reasonable compensation for goods provided and services rendered and may authorize disbursements in furtherance of the purpose set forth in § 63.2-2100. The Trust Fund or Board of Trustees shall not carry on propaganda, or otherwise attempt, to influence legislation as a substantial part of its activities; and it shall not participate or intervene, by publishing or distributing statements or by other means, in any political campaign on behalf of any candidate for public office. If the Trust Fund is dissolved, any assets remaining after payment, or provision for payment, of all claims against it shall be distributed to the Commonwealth for public purposes.
Terms Used In Virginia Code 63.2-2103
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
B. Legal services for the Board of Trustees shall be provided by the Attorney General in accordance with Chapter 5 of Title 2.2.