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1997 SESSION
970809809Be it enacted by the General Assembly of Virginia:
1. That § 23-21 of the Code of Virginia is amended and reenacted as follows:
§ 23-21. Proceeds of bonds and revenues to be paid into state treasury; disposition.
All moneys derived from the sale of bonds pursuant to §
23-19 and all revenues derived from any one or more of the
sources mentioned in subdivisions (1), (2), and (3)
and (4) of subsection (d) of § 23-19, except those moneys
that are exempt from deposit into the state treasury, shall be paid into
the state treasury and any such moneys and revenues so paid into the state
treasury shall be set aside in special funds and devoted solely to the payment
of the cost of erecting the project for which such bonds shall have been issued
and to the payment of the principal of and the interest on such bonds and of
the cost of maintenance and operation of such project and of any other existing
facilities the revenues of which are pledged either in whole or in part to the
payment of the principal of and the interest on such bonds, respectively, and
are hereby specifically appropriated for those purposes to be paid out by the
State Treasurer on warrants of the Comptroller to be issued on vouchers of the
treasurer or other fiscal officer of the board of such institution.