A. All moneys collected by the Board shall be paid directly and promptly into the state treasury, or shall be deposited to the credit of the State Treasurer in a state depository, without any deductions on account of salaries, fees, costs, charges, expenses, refunds or claims of any description whatever, as required by § 2.2-1802.
All moneys so paid into the state treasury, less the net profits determined pursuant to subsection C, shall be set aside as and constitute an Enterprise Fund, subject to appropriation, for the payment of (i) the salaries and remuneration of the members, agents, and employees of the Board and (ii) all costs and expenses incurred in establishing and maintaining government stores and in the administration of the provisions of this subtitle, including the purchasing, building, leasing and operation of distilleries and the manufacture of alcoholic beverages.
B. The net profits derived under the provisions of this subtitle shall be transferred by the Comptroller to the general fund of the state treasury quarterly, within fifty days after the close of each quarter or as otherwise provided in the appropriation act. As allowed by the Governor, the Board may deduct from the net profits quarterly a sum for the creation of a reserve fund not exceeding the sum of $2.5 million in connection with the administration of this subtitle and to provide for the depreciation on the buildings, plants and equipment owned, held or operated by the Board.
C. The term "net profits" as used in this section means the total of all moneys collected by the Board less all costs, expenses and charges authorized by this section.
Code 1950, §§ 4-22, 4-23; 1960, c. 104; 1962, c. 385; 1964, c. 215; 1966, c. 431; 1968, c. 623; 1970, c. 727; 1972, cc. 138, 849; 1973, c. 349; 1974, c. 460; 1981, c. 514; 1982, c. 540; 1983, c. 427; 1984, c. 105; 1985, c. 222; 1993, c. 866.
Structure Code of Virginia
Title 4.1 - Alcoholic Beverage and Cannabis Control
Chapter 1 - Definitions and General Provisions
§ 4.1-101. Virginia Alcoholic Beverage Control Authority created; public purpose
§ 4.1-101.01. Board of Directors; membership; terms; compensation
§ 4.1-101.03. Background investigations of Board members and Chief Executive Officer
§ 4.1-101.04. Financial interests of Board, employees, and family members prohibited
§ 4.1-101.05. Employees of the Authority
§ 4.1-101.06. Moneys of Authority
§ 4.1-101.07. Forms of accounts and records; audit; annual report
§ 4.1-101.08. Leases of property
§ 4.1-101.09. Exemptions from taxes or assessments
§ 4.1-101.011. Reversion to the Commonwealth
§ 4.1-103. General powers of Board
§ 4.1-103.01. Additional powers; access to certain tobacco sales records; inspections; penalty
§ 4.1-103.03. Additional powers; mediation; alternative dispute resolution; confidentiality
§ 4.1-103.1. Criminal history records check required on certain employees; reimbursement of costs
§ 4.1-104. Purchases by the Board
§ 4.1-105. Police power of members, agents and employees of Board
§ 4.1-106. Liability of Board members; suits by and against Board
§ 4.1-107. Counsel for members, agents and employees of Board
§ 4.1-108. Hearings; representation by counsel
§ 4.1-109. Hearings; allowances to witnesses
§ 4.1-110. Purchase orders of Board for alcoholic beverages
§ 4.1-111. Regulations of Board
§ 4.1-112. Regulations relating to transportation of beer and wine coolers
§ 4.1-112.2. Outdoor advertising; limitations; variances; compliance with Title 33.2
§ 4.1-113. Board not to regulate certain advertising in the interiors of retail establishments
§ 4.1-113.1. Outdoor advertising; compliance with Title 33.2
§ 4.1-114. Annual review of operations of certain mixed beverage licensees
§ 4.1-115. Reports and accounting systems of Board; auditing books and records
§ 4.1-116. Disposition of moneys collected by Board; creation of Enterprise Fund; reserve fund
§ 4.1-117. Disposition of net profits to localities
§ 4.1-118. Certain information not to be made public
§ 4.1-119. (Effective until July 1, 2024) Operation of government stores
§ 4.1-119. (Effective July 1, 2024) Operation of government stores
§ 4.1-119.1. Human trafficking hotline; posted notice required
§ 4.1-120. When government stores closed
§ 4.1-121. Referendum on establishment of government stores
§ 4.1-122. Effect of local option referenda
§ 4.1-123. Referendum on Sunday wine and beer sales; exception
§ 4.1-124. Referendum on the sale of mixed beverages
§ 4.1-125. Section 4.1-124 applicable to certain towns
§ 4.1-127. Contests of local option referenda
§ 4.1-128. Local ordinances or resolutions regulating or taxing alcoholic beverages
§ 4.1-129. Local ordinances regulating time of sale of wine and beer
§ 4.1-131. Importation of beverages under customs bonds and holding in warehouses; release
§ 4.1-133. Bailment system of warehousing; prohibited fees and charges