Gifts and bequests of money, securities, or other property to the Fund, and the interest or income therefrom, shall be deemed gifts to the Commonwealth, and the Fund shall be exempt from all state and local taxes. Unless otherwise restricted by the terms of the gift or bequest, the Foundation may sell, exchange, or otherwise dispose of such gifts and bequests. The proceeds from such transactions shall be deposited to the credit of the Fund. The Foundation may actively solicit private donations for the Fund.
2003, cc. 657, 670.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 27 - Foundations and Other Collegial Bodies
§ 2.2-2712. Debt Capacity Advisory Committee; membership; terms; chairman; compensation; staff
§ 2.2-2713. Powers and duties of the Committee
§ 2.2-2714. Estimated amount of prudent tax-supported debt; affordability considerations
§ 2.2-2715. Veterans Services Foundation; purpose; report; membership; terms; compensation; staff
§ 2.2-2715.1. Executive Director
§ 2.2-2716. Authority of board of trustees
§ 2.2-2717. Form of accounts and records; audit
§ 2.2-2718. Veterans Services Fund
§ 2.2-2719. Gifts and bequests; exemption from taxation
§ 2.2-2720. The Center for Rural Virginia; purpose
§ 2.2-2722. Compensation; expenses
§ 2.2-2723. Powers and duties of the Board of Trustees and the Center
§ 2.2-2734. Southwest Virginia Cultural Heritage Foundation established; purpose
§ 2.2-2735. Membership; qualifications; terms; vacancies; officers; compensation
§ 2.2-2736. Powers and duties of the Foundation
§ 2.2-2738. Virginia International Trade Corporation; purpose; membership; meetings
§ 2.2-2739. Appointment of Chief Executive Officer
§ 2.2-2740. Powers and duties of the Corporation
§ 2.2-2741. Grants from the Commonwealth
§ 2.2-2742. Exemption from taxation
§ 2.2-2743. Exemptions from personnel and procurement procedures