Virginia § 51.5-97 - Funds set aside from proceeds of business enterprises
Full text of Virginia Code of Virginia § 51.5-97 — Funds set aside from proceeds of business enterprises, with citation guidance and answers to common questions.
§ 51.5-97. Funds set aside from proceeds of business enterprises
The Department shall set aside or cause to be set aside from the net proceeds of the operations authorized by this article such funds as may be necessary for the purpose of (i) maintenance and replacement of equipment, (ii) purchase of new equipment, (iii) management services, (iv) assuring a fair minimum return to vendors and (v) the establishment and maintenance of retirement or pension funds, health insurance contributions and the provision for paid sick leave and vacation time in accordance with the Randolph-Sheppard Act Amendments of 1974 (P.L. 93-516).
Code 1950, § 63-204.22; 1968, c. 578, § 63.1-163; 1979, c. 96; 2002, c. 747.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 51.5-97
What does Code of Virginia § 51.5-97 cover?
Section 51.5-97 ("Funds set aside from proceeds of business enterprises") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 51.5-97?
A common citation format is "Code of Virginia § 51.5-97" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 51.5-97 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.