2.2-2716 - Authority of Foundation. - Virginia Statutes

§ 2.2-2716. Authority of Foundation.

The Foundation has the authority to:

1. Administer the Veterans Services Fund and make expenditures from the Fundto the Department of Veterans Services to provide supplemental funding forthe Department's services and programs;

2. Accept, hold, and administer gifts and bequests of money, securities, orother property, absolutely or in trust, for the purposes for which theFoundation is created;

3. Enter into contracts and execute all instruments necessary and appropriateto carry out the Foundation's purposes;

4. Take such actions as may be reasonably necessary to seek, promote, andstimulate contributions for the Fund;

5. Develop other possible dedicated revenue sources for the Fund; and

6. Perform any lawful acts necessary or appropriate to carry out the purposesof the Foundation.

(2003, cc. 657, 670; 2008, cc. 467, 486, 768, 872.)