§ 8. Disbursement of receipts; management of the fund.

8.1 Cigarette tax receipts, as assessed, shall be paid monthly into the Northern Virginia Cigarette Tax Fund. Proportional disbursement shall be made monthly to each participating jurisdiction on the basis of taxable packs of cigarettes sold within the jurisdiction.

8.2 The board shall retain one tenth of one percent (.1%) of the monthly tax receipts in the fund to cover anticipated expenses. Prior to the last day of July of each year, all amounts over Five Thousand Dollars ($5,000.00) in the fund shall be disbursed to the participating jurisdictions on the basis of taxable packs of cigarettes sold within the jurisdiction over the preceding twelve (12) months.

8.3 All disbursements shall be on warrants authorized by the board on either blanket approval by class of expenditures or approval by specific item, which authorization shall be entered in the records of the board.

8.4 All monies shall be deposited in the name of the board and disbursements made only on warrants approved by the administrator as having been authorized by the board and signed by the treasurer.