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1997 SESSION
Be 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.