An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
CHAPTER 104
An Act to amend and reenact § 4-22 of the Code of Virginia, relating to
method of distribution of net profits of Alcoholic Beverage Control
Board.
[H 257]
Approved February 25, 1960
Be it enacted by the General Assembly of Virginia:
hy That § 4-22 of the Code of Virginia be amended and reenacted as
ollows:
§ 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 chap-
ter and to provide for the depreciation on the buildings, plant and equip-
ment owned, held or operated by the Board, be transferred by the Comp-
troller 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 hundred and fifty thousand
dollars so transferred and so paid into the general fund of the State treas-
ury 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 annexation of any
territory since the last preceding United States census, such increase shall,
for the purpose of this chapter, be added to the population 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 seeking an increase under
the provisions of this chapter is located is hereby authorized and em-
powered to appoint two disinterested persons as commissioners, 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 un-
der the provisions of this chapter shall be made in accordance therewith.
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
authorized by § 4-23, other than capital expenditures for buildings, plants
and equipment.