A. The exercise of the powers granted by this chapter shall be in all respects for the benefit of the citizens of the Commonwealth and for the promotion of their safety, health, welfare, knowledge, convenience and prosperity.
B. The Foundation will be performing an essential governmental function in the exercise of the powers conferred upon it by this chapter, and the property of the Foundation and its income and operations shall be exempt from taxation or assessments upon any property acquired or used by the Foundation under the provisions of this chapter.
1999, cc. 880, 962.
Structure Code of Virginia
Chapter 14 - Virginia Foundation for Healthy Youth
§ 32.1-355. Virginia Foundation for Healthy Youth created; purposes
§ 32.1-356. Powers of the Foundation
§ 32.1-358. Appointment of director; counsel to the Board and Foundation
§ 32.1-359. Duties of the Board
§ 32.1-360. Virginia Tobacco Settlement Fund
§ 32.1-361. Use of moneys distributed
§ 32.1-361.1. Virginia Foundation for Healthy Youth Endowment
§ 32.1-363. Forms of accounts and records