CHAPTER 215

An Act to amend and reenact § 4-22, as amended, of the Code of Virginia
to delete the words “in the City of Richmond” near the end of the
first sentence thereof.

[H 244]

Approved March 10, 1964

Be it enacted by the General Assembly of Virginia:

1. That § 4-22, as amended, of the Code of Virginia, be amended and
reenacted as follows:

§ 4-22. The net profits derived under the provisions of this chapter
shall, after deducting therefrom such sums as may be allowed the Board by
the Governor for the creation of a reserve fund not exceeding the sum of
one million dollars in connection with the administration of this chapter
and to provide for the depreciation on the buildings, plant and equipment
owned, held or operated by the Board and such sums as may be allowed by
the Governor during the fiscal years ending on June thirtieth, nineteen hun-
dred and sixty-two, June thirtieth, nineteen hundred and sixty-three, June
thirtieth, nineteen hundred and sixty-four and June thirtieth, nineteen hun-
dred and sixty-five, not to exceed five hundred thousand dollars in each
such year, for the creation of a special reserve fund to be accumulated and
expended in constructing and equipping a central warehouse * , at a total
cost not to exceed two million dollars for plans, construction and equip-
ment, be transferred by the Comptroller to the general fund of the State
treasury quarterly, within fifty days after the close of each quarter. When
such moneys so transferred by the Comptroller to the general fund of the
State treasury shall during any fiscal year exceed the sum of seven hundred
and fifty thousand dollars, two thirds of all moneys in excess of seven hun-
dred and fifty thousand dollars so transferred and so paid into the general
fund of the State treasury during such fiscal year shall be apportioned by
the Comptroller and distributed by warrants of the Comptroller drawn on
the Treasurer of Virginia to the several counties, cities and towns of the
Commonwealth, on the basis of the population of the respective counties,
cities and towns, according to the last preceding United States census, for
which purpose such portion of the moneys is hereby appropriated. If the
population of any city or town shall have been increased through the an-
nexation of any territory since the last preceding United States census,
such increase shall, for the purpose of this chapter, be added to the popula-
tion of such city or town as shown by the last preceding United States
census and a proper reduction made in the population of the county or
counties from which the annexed territory was acquired. The judge of the
circuit court of the county in which the town or greater part thereof seek-
ing an increase under the provisions of this chapter is located is hereby
authorized and empowered to appoint two disinterested persons as com-
missioners, who shall proceed to determine the population of the territory
annexed to the town as of the date of the last preceding United States
census, and report their findings to the court, and future distributions of
the moneys allocated under the provisions of this chapter shall be made in
accordance therewith.

In making the aforesaid apportionment between the general fund of
the State treasury on the one hand and the several counties, cities and
towns on the other, the normal computation of respective shares under this
section shall be modified to the extent that any sums allowed by the Gov-
ernor during any of the above-specified fiscal years for the creation of
the above-described special warehouse reserve fund shall be deducted
entirely from the share allocable to the general fund of the State treasury
and not from the share distributable to the several counties, cities and

wns.
The term “net profits” as used in this section shall mean the total of
all moneys collected by the Board less all costs, expenses and charges au-
thorized by § 4-23, other than capital expenditures for buildings, plants
and equipment.