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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>364388</law_id><section_number>45.2-614</section_number><catch_line> Expense of acquiring and operating coal property; funds derived from operation</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="99" identifier="45.2">Mines, Minerals, and Energy</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Coal Mining</unit><unit label="part" level="3" order_by="1" identifier="A">Coal Mines Generally</unit><unit label="chapter" level="4" order_by="2" identifier="6">Coal Mining Property, Interests, Adjacent Owners, and Dams</unit><unit label="article" level="5" order_by="3" identifier="3">Emergency Seizure of Coal Property by the Commonwealth</unit></structure><text>
						<section><p>The expense of acquiring and operating any property acquired under this article shall be paid out of moneys transferred from the general fund that are not otherwise appropriated. Such transfer shall be made upon such authorization as the Governor prescribes and shall be credited to the account of the Commission, and all funds and revenues derived from or received as a result of such operations shall be paid into the state treasury and credited to the same account. Any amount transferred upon authorization of the Governor from the general fund shall be designated as the &#x201C;Capital Account&#x201D; of the Commission. Such amount, or the residue thereof, together with any surplus that accrues, shall be returned to the general fund in the event of <span class="dictionary">liquidation</span> or, in the absence of <span class="dictionary">liquidation</span>, in such installments and at such times as the Governor prescribes.</p></section></text><history>Code 1950, &#xA7; 45-152; 1950, p. 32; 1966, c. 594, &#xA7; 45.1-152; 1994, c. 28, &#xA7; 45.1-161.321; 2021, Sp. Sess. I, c. 387.</history><metadata></metadata></law>
