# Va. Code Ann. § 36-153: Creation and management of Fund

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-153

## Section

- **Citation:** Va. Code Ann. § 36-153
- **Heading:** Creation and management of Fund
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 36 / Chapter 10 / Section 36-153

## Text

There is hereby established in the state treasury a special nonreverting permanent fund to be known as the Virginia Removal or Rehabilitation of Derelict Structures Fund. The Fund shall consist of sums appropriated to the Fund by the General Assembly; sums which may be allocated to the Commonwealth for this purpose by the United States government; all interest earned on moneys in the Fund; and any other sums designated for deposit to the Fund from any source, public or private. The Fund is created to address the serious problem of derelict structures in the Commonwealth, particularly in urban areas. The Fund shall make grants to local governments for acquisition, demolition, removal, rehabilitation or repair of specific derelict structures.

The Fund shall be administered and managed by the Department as prescribed in this chapter. The Department may disburse from the Fund reasonable costs and expenses incurred in administration and management of the Fund.

1999, c. 1018 .

## Nearby sections

- [Va. Code Ann. § 36-152 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-152.md)
- [Va. Code Ann. § 36-153 Creation and management of Fund](https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-153.md)
- [Va. Code Ann. § 36-154 Audit](https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-154.md)
- [Va. Code Ann. § 36-155 Grants](https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-155.md)
- [Va. Code Ann. § 36-156 Reports](https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-156.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T36_C10_S36-153. Check the current official text before relying on it. Not legal advice.