What is the advantage to using Virginias Forfeited Asset Sharing Program rather than the federal program?
There are two major advantages to using the state program instead of the federal program. First, the state’s program administers seizures from no monetary value to whatever is declared forfeited. The federal minimums are: U.S. Currency–$1,000.00; Vehicles–$2,500.00; Airplanes–$5,000.00; and Real Property–$10,000.00. Second, under the Prompt Payment Act, the Commonwealth is obligated to return the locality’s share of the proceeds within 30 days after DCJS receives the funds and the DCJS Form 999. The federal program has a turn around time of at least three to six months, however, most participants experience a far longer interval.
