A. There is hereby created the Family and Children’s Trust Fund (the Trust Fund). The exercise of powers granted under this chapter shall be in all respects for the benefit of the citizens of the Commonwealth and for the support and development of services for the prevention and treatment of child abuse and neglect and […]
A. The Family and Children’s Trust Fund shall be administered by a Board of Trustees. The Board of Trustees shall consist of fifteen members appointed by the Governor and subject to confirmation by the General Assembly. The Board members shall represent the Commonwealth at large and shall have knowledge and experience in child abuse and […]
The Board of Trustees shall have the authority to: 1. Encourage, approve and accept gifts, contributions, bequests, or grants in cash or otherwise from any source, public or private, to carry out the purposes of the Family and Children’s Trust Fund; 2. Administer and disburse any funds available to the Family and Children’s Trust Fund; […]
All funds received shall be paid to the treasury of Virginia, which shall be custodian of the Family and Children’s Trust Fund. Such funds shall be set aside as a separate fund and shall be managed by the Treasurer of Virginia at the discretion of the Board. The net earnings of the Trust Fund shall […]
