State Codes and Statutes
Statutes > Virginia > Title-32-1 > Chapter-15 > 32-1-366§ 32.1-366. Virginia Health Care Fund established.
A. There is hereby created in the state treasury a special nonreverting fundto be known as the Virginia Health Care Fund, hereafter referred to as the"Fund." The Fund shall be established on the books of the Comptroller andany moneys remaining in the Fund at the end of each fiscal year shall notrevert to the general fund but shall remain in the Fund. For purposes of theComptroller's preliminary and final annual reports required by § 2.2-813,however, all deposits to and disbursements from the Fund shall be accountedfor as part of the general fund of the state treasury.
B. All revenue received by the Commonwealth pursuant to the provisions of (i)§§ 58.1-1001 and 58.1-1018, (ii) Article 2.1 (§ 58.1-1021.01 et seq.) ofChapter 10 of Title 58.1, and (iii) § 3.2-4203 shall be paid into the statetreasury and deposited to the Fund. The Comptroller shall also deposit 40percent of the Commonwealth's allocation pursuant to the Master SettlementAgreement with tobacco product manufacturers, as defined in § 3.2-3100, tothe Fund. The Fund shall also consist of all recoveries received during afiscal year resulting from expenditures incurred in the Medicaid programduring a prior fiscal year or years to the extent that such amounts representrecoveries of state funds that would otherwise be deposited to the generalfund of the state treasury.
(2004, Sp. Sess. I, c. 3; 2005, cc. 899, 901.)
