3.2-3101 - Tobacco Indemnification and Community Revitalization Commission created; purposes. - Virginia Statutes

§ 3.2-3101. Tobacco Indemnification and Community Revitalization Commissioncreated; purposes.

The Tobacco Indemnification and Community Revitalization Commission iscreated as a body corporate and a political subdivision of the Commonwealthand as such shall have, and is vested with, all of the politic and corporatepowers as are set forth in this chapter. The Commission is established forthe purposes of determining the appropriate recipients of moneys in theTobacco Indemnification and Community Revitalization Fund and causingdistribution of such moneys for the purposes provided in this chapter,including using moneys in the Fund to: (i) provide payments to tobaccofarmers as compensation for the adverse economic effects resulting from lossof investment in specialized tobacco equipment and barns and lost tobaccoproduction opportunities associated with a decline in quota; and (ii)revitalize tobacco dependent communities. The Commission shall have onlythose powers enumerated in § 3.2-3103.

(1999, cc. 880, 962, § 9-381; 2001, c. 844, § 3.1-1107; 2008, c. 860.)