Gifts, devises and bequests of money, securities and other assets accepted by the Foundation, whether personal or real property, shall be deemed to be gifts to the Commonwealth, which shall be exempt from all state and local taxes and shall be regarded as property of the Commonwealth for the purposes of all tax laws.
1992, c. 426; 2000, c. 1053.
Structure Code of Virginia
Chapter 10.2 - Virginia Land Conservation Foundation
§ 10.1-1017. Foundation created
§ 10.1-1019. Executive secretary; land management
§ 10.1-1020. Virginia Land Conservation Fund; purposes of Foundation
§ 10.1-1021. Powers of the Foundation
§ 10.1-1021.1. Geographic distribution of land protected
§ 10.1-1022. Expenditure of restricted funds
§ 10.1-1022.1. Expenditure of funds for natural area protection
§ 10.1-1023. Certain expenditures prohibited
§ 10.1-1024. Gifts and bequests to Foundation