{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-1021.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-1021.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-1021.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-1021.html"}],"law_id":87197,"edition_id":1,"section_id":87197,"structure_id":15219,"section_number":"10.1-1021","catch_line":"Powers of the Foundation","history":"1992, c. 426; 1999, cc. 900, 906; 2000, c. 1053; 2005, c. 633; 2021, Sp. Sess. I, c. 99; 2022, c. 705.","full_text":"In order to carry out its purposes, the Foundation shall have the following powers and duties:\n\n1\n\nTo prepare a comprehensive plan that recognizes and seeks to implement all of the purposes for which the Foundation is created. In preparing this plan, the Foundation shall:\n\t\t\ta. Establish criteria for the expenditure of unrestricted moneys received by the Fund. In making grants for the expenditure of such unrestricted moneys, the Board of Trustees shall consider the following criteria, not all of which need to be met in order for a grant to be awarded:1\n\nThe ecological, outdoor recreational, historic, agricultural, and forestal value of the property;2\n\nAn assessment of market values;3\n\nConsistency with local comprehensive plans;4\n\nGeographical balance of properties and interests in properties to be purchased;5\n\nAvailability of public and private matching funds to assist in the purchase;6\n\nImminent danger of loss of natural, outdoor, recreational, or historic attributes of a significant portion of the land;7\n\nEconomic value to the locality and region attributable to the purchase;8\n\nAdvisory opinions from local governments, state agencies, or others;9\n\nWhether the property has been identified by ConserveVirginia and whether the proposal seeks to preserve the conservation values identified by ConserveVirginia; and10\n\nWhether the property is in an area lacking outdoor recreation facilities;\n\t\t\t\tb. Develop an inventory of those properties in which the Commonwealth holds a legal interest for the purpose set forth in subsection A of § 10.1-1020;\n\t\t\t\tc. Develop a needs assessment for future expenditures from the Fund. In developing the needs assessment, the Board of Trustees shall consider among others the properties identified in the following: (i) ConserveVirginia, (ii) Virginia Outdoors Plan, (iii) Virginia Natural Heritage Plan, (iv) Virginia Institute of Marine Science Inventory, (v) Virginia Joint Venture Board of the North American Waterfowl Management Plan, and (vi) Virginia Board of Historic Resources Inventory. In addition, the Board shall consider any information submitted by the Department of Agriculture and Consumer Services on farmland preservation priorities and any information submitted by the Department of Forestry on forest land initiatives and inventories; and\n\t\t\t\td. Maintain the inventory and needs assessment on an annual basis.2\n\nTo expend directly or allocate the funds received by the Foundation to the appropriate state agencies for the purpose of acquiring those properties or property interests selected by the Board of Trustees. In the case of restricted funds the Board’s powers shall be limited by the provisions of § 10.1-1022.3\n\nTo enter into contracts and agreements, as approved by the Attorney General, to accomplish the purposes of the Foundation.4\n\nTo receive and expend gifts, grants and donations from whatever source to further the purposes set forth in subsection B of § 10.1-1020.5\n\nTo sell, exchange or otherwise dispose of or invest as it deems proper the moneys, securities, or other real or personal property or any interest therein given or bequeathed to it, unless such action is restricted by the terms of a gift or bequest. However, the provisions of § 10.1-1704 shall apply to any diversion from open-space use of any land given or bequeathed to the Foundation.6\n\nTo conduct fund-raising events as deemed appropriate by the Board of Trustees.7\n\nTo do any and all lawful acts necessary or appropriate to carry out the purposes for which the Foundation and Fund are established.","order_by":null,"text":{"0":{"id":312225,"text":"In order to carry out its purposes, the Foundation shall have the following powers and duties:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":312226,"text":"To prepare a comprehensive plan that recognizes and seeks to implement all of the purposes for which the Foundation is created. In preparing this plan, the Foundation shall:\n\t\t\ta. Establish criteria for the expenditure of unrestricted moneys received by the Fund. In making grants for the expenditure of such unrestricted moneys, the Board of Trustees shall consider the following criteria, not all of which need to be met in order for a grant to be awarded:","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"11"},"2":{"id":312227,"text":"The ecological, outdoor recreational, historic, agricultural, and forestal value of the property;","type":"section","prefixes":["1","1"],"prefix":"1","entire_prefix":"11","prefix_anchor":"11","level":2,"prior_prefix":"1","next_prefix":"12"},"3":{"id":312228,"text":"An assessment of market values;","type":"section","prefixes":["1","2"],"prefix":"2","entire_prefix":"12","prefix_anchor":"12","level":2,"prior_prefix":"11","next_prefix":"13"},"4":{"id":312229,"text":"Consistency with local comprehensive plans;","type":"section","prefixes":["1","3"],"prefix":"3","entire_prefix":"13","prefix_anchor":"13","level":2,"prior_prefix":"12","next_prefix":"14"},"5":{"id":312230,"text":"Geographical balance of properties and interests in properties to be purchased;","type":"section","prefixes":["1","4"],"prefix":"4","entire_prefix":"14","prefix_anchor":"14","level":2,"prior_prefix":"13","next_prefix":"15"},"6":{"id":312231,"text":"Availability of public and private matching funds to assist in the purchase;","type":"section","prefixes":["1","5"],"prefix":"5","entire_prefix":"15","prefix_anchor":"15","level":2,"prior_prefix":"14","next_prefix":"16"},"7":{"id":312232,"text":"Imminent danger of loss of natural, outdoor, recreational, or historic attributes of a significant portion of the land;","type":"section","prefixes":["1","6"],"prefix":"6","entire_prefix":"16","prefix_anchor":"16","level":2,"prior_prefix":"15","next_prefix":"17"},"8":{"id":312233,"text":"Economic value to the locality and region attributable to the purchase;","type":"section","prefixes":["1","7"],"prefix":"7","entire_prefix":"17","prefix_anchor":"17","level":2,"prior_prefix":"16","next_prefix":"18"},"9":{"id":312234,"text":"Advisory opinions from local governments, state agencies, or others;","type":"section","prefixes":["1","8"],"prefix":"8","entire_prefix":"18","prefix_anchor":"18","level":2,"prior_prefix":"17","next_prefix":"19"},"10":{"id":312235,"text":"Whether the property has been identified by ConserveVirginia and whether the proposal seeks to preserve the conservation values identified by ConserveVirginia; and","type":"section","prefixes":["1","9"],"prefix":"9","entire_prefix":"19","prefix_anchor":"19","level":2,"prior_prefix":"18","next_prefix":"110"},"11":{"id":312236,"text":"Whether the property is in an area lacking outdoor recreation facilities;\n\t\t\t\tb. Develop an inventory of those properties in which the Commonwealth holds a legal interest for the purpose set forth in subsection A of § 10.1-1020;\n\t\t\t\tc. Develop a needs assessment for future expenditures from the Fund. In developing the needs assessment, the Board of Trustees shall consider among others the properties identified in the following: (i) ConserveVirginia, (ii) Virginia Outdoors Plan, (iii) Virginia Natural Heritage Plan, (iv) Virginia Institute of Marine Science Inventory, (v) Virginia Joint Venture Board of the North American Waterfowl Management Plan, and (vi) Virginia Board of Historic Resources Inventory. In addition, the Board shall consider any information submitted by the Department of Agriculture and Consumer Services on farmland preservation priorities and any information submitted by the Department of Forestry on forest land initiatives and inventories; and\n\t\t\t\td. Maintain the inventory and needs assessment on an annual basis.","type":"section","prefixes":["1","10"],"prefix":"10","entire_prefix":"110","prefix_anchor":"110","level":2,"prior_prefix":"19","next_prefix":"2"},"12":{"id":312237,"text":"To expend directly or allocate the funds received by the Foundation to the appropriate state agencies for the purpose of acquiring those properties or property interests selected by the Board of Trustees. In the case of restricted funds the Board’s powers shall be limited by the provisions of § 10.1-1022.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"110","next_prefix":"3"},"13":{"id":312238,"text":"To enter into contracts and agreements, as approved by the Attorney General, to accomplish the purposes of the Foundation.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"14":{"id":312239,"text":"To receive and expend gifts, grants and donations from whatever source to further the purposes set forth in subsection B of § 10.1-1020.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"15":{"id":312240,"text":"To sell, exchange or otherwise dispose of or invest as it deems proper the moneys, securities, or other real or personal property or any interest therein given or bequeathed to it, unless such action is restricted by the terms of a gift or bequest. However, the provisions of § 10.1-1704 shall apply to any diversion from open-space use of any land given or bequeathed to the Foundation.","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"16":{"id":312241,"text":"To conduct fund-raising events as deemed appropriate by the Board of Trustees.","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"17":{"id":312242,"text":"To do any and all lawful acts necessary or appropriate to carry out the purposes for which the Foundation and Fund are established.","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6"}},"ancestry":[{"id":15219,"edition_id":1,"name":"Virginia Land Conservation Foundation","identifier":"10.2","label":"chapter","depth":3,"order_by":1,"parent_id":12893,"metadata":{},"date_created":"2026-06-26 03:53:07","date_modified":"2026-06-26 03:53:07","permalink":{"id":143549,"object_type":"structure","relational_id":15219,"identifier":"10.2","token":"10.1\/I\/10.2","url":"\/10.1\/I\/10.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12893,"edition_id":1,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12740,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":143315,"object_type":"structure","relational_id":12893,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12740,"edition_id":1,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":143313,"object_type":"structure","relational_id":12740,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80745,"structure_id":15219,"section_number":"10.1-1017","catch_line":"Foundation created","url":"\/10.1-1017\/","token":"10.1\/I\/10.2\/10.1-1017","metadata":false},{"id":71549,"structure_id":15219,"section_number":"10.1-1018","catch_line":"Virginia Land Conservation Board of Trustees; membership; terms; vacancies; compensation and expenses","url":"\/10.1-1018\/","token":"10.1\/I\/10.2\/10.1-1018","metadata":false},{"id":77430,"structure_id":15219,"section_number":"10.1-1018.1","catch_line":"Reporting","url":"\/10.1-1018.1\/","token":"10.1\/I\/10.2\/10.1-1018.1","metadata":false},{"id":79651,"structure_id":15219,"section_number":"10.1-1019","catch_line":"Executive secretary; land management","url":"\/10.1-1019\/","token":"10.1\/I\/10.2\/10.1-1019","metadata":false},{"id":86514,"structure_id":15219,"section_number":"10.1-1020","catch_line":"Virginia Land Conservation Fund; purposes of Foundation","url":"\/10.1-1020\/","token":"10.1\/I\/10.2\/10.1-1020","metadata":false},{"id":87197,"structure_id":15219,"section_number":"10.1-1021","catch_line":"Powers of the Foundation","url":"\/10.1-1021\/","token":"10.1\/I\/10.2\/10.1-1021","metadata":false},{"id":73324,"structure_id":15219,"section_number":"10.1-1021.1","catch_line":"Geographic distribution of land protected","url":"\/10.1-1021.1\/","token":"10.1\/I\/10.2\/10.1-1021.1","metadata":false},{"id":67856,"structure_id":15219,"section_number":"10.1-1021.2","catch_line":"Additional powers of the Foundation; requests for conservation easement dispute mediation","url":"\/10.1-1021.2\/","token":"10.1\/I\/10.2\/10.1-1021.2","metadata":false},{"id":69719,"structure_id":15219,"section_number":"10.1-1022","catch_line":"Expenditure of restricted funds","url":"\/10.1-1022\/","token":"10.1\/I\/10.2\/10.1-1022","metadata":false},{"id":66543,"structure_id":15219,"section_number":"10.1-1022.1","catch_line":"Expenditure of funds for natural area protection","url":"\/10.1-1022.1\/","token":"10.1\/I\/10.2\/10.1-1022.1","metadata":false},{"id":64478,"structure_id":15219,"section_number":"10.1-1023","catch_line":"Certain expenditures prohibited","url":"\/10.1-1023\/","token":"10.1\/I\/10.2\/10.1-1023","metadata":false},{"id":82201,"structure_id":15219,"section_number":"10.1-1024","catch_line":"Gifts and bequests to Foundation","url":"\/10.1-1024\/","token":"10.1\/I\/10.2\/10.1-1024","metadata":false},{"id":59429,"structure_id":15219,"section_number":"10.1-1025","catch_line":"Forms of accounts and records; audit of same","url":"\/10.1-1025\/","token":"10.1\/I\/10.2\/10.1-1025","metadata":false},{"id":57957,"structure_id":15219,"section_number":"10.1-1026","catch_line":"Cooperation of state agencies","url":"\/10.1-1026\/","token":"10.1\/I\/10.2\/10.1-1026","metadata":false}],"previous_section":{"id":86514,"structure_id":15219,"section_number":"10.1-1020","catch_line":"Virginia Land Conservation Fund; purposes of Foundation","url":"\/10.1-1020\/","token":"10.1\/I\/10.2\/10.1-1020","metadata":false},"next_section":{"id":73324,"structure_id":15219,"section_number":"10.1-1021.1","catch_line":"Geographic distribution of land protected","url":"\/10.1-1021.1\/","token":"10.1\/I\/10.2\/10.1-1021.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-1021\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 426 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1999, chapters 900<\/a> and 906<\/a>; in 2000, chapter 1053<\/a>; in 2005, chapter 633<\/a>; in 2022, chapter 705<\/a>.<\/p>","references":[{"id":86514,"section_number":"10.1-1020","catch_line":"Virginia Land Conservation Fund; purposes of Foundation","order_by":null,"url":"\/10.1-1020\/"},{"id":75383,"section_number":"2.2-1149","catch_line":"Department to review proposed acquisitions of real property; approval by the Governor; exceptions","order_by":null,"url":"\/2.2-1149\/"}],"refers_to":[{"id":86514,"section_number":"10.1-1020","catch_line":"Virginia Land Conservation Fund; purposes of Foundation","order_by":null,"url":"\/10.1-1020\/"},{"id":69359,"section_number":"10.1-1704","catch_line":"Diversion of property from open-space land use; conveyance or lease of open-space land","order_by":null,"url":"\/10.1-1704\/"}],"permalink":{"id":143571,"object_type":"law","relational_id":87197,"identifier":"10.1-1021","token":"10.1\/I\/10.2\/10.1-1021","url":"\/10.1-1021\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-1021\/","token":"10.1\/I\/10.2\/10.1-1021","dublin_core":{"Title":"Powers of the Foundation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-1021","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In order<\/span> to carry out its purposes, the Foundation shall have the following powers and duties:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> To prepare a comprehensive plan that recognizes and seeks to implement all of the purposes for which the Foundation is created. In preparing this plan, the Foundation shall:\n\t\t\ta. Establish criteria for the expenditure of unrestricted moneys received by the Fund. In making grants for the expenditure of such unrestricted moneys, the Board of Trustees shall consider the following criteria, not all of which need to be met in order<\/span> for a grant to be awarded: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The ecological, outdoor recreational, historic, agricultural, and forestal value of the property; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> An assessment of market values; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Consistency with local comprehensive plans; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Geographical balance of properties and interests in properties to be purchased; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Availability of public and private matching funds to assist in the purchase; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Imminent danger of loss of natural, outdoor, recreational, or historic attributes of a significant portion of the land; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Economic value to the locality and region attributable to the purchase; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Advisory opinions<\/span> from local governments, state agencies, or others; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Whether the property has been identified by ConserveVirginia and whether the proposal seeks to preserve the conservation values identified by ConserveVirginia; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Whether the property is in an area lacking outdoor recreation facilities;\n\t\t\t\tb. Develop an inventory of those properties in which the Commonwealth holds a legal interest for the purpose set forth in subsection A of § 10.1-1020<\/a>;\n\t\t\t\tc. Develop a needs assessment for future expenditures from the Fund. In developing the needs assessment, the Board of Trustees shall consider among others the properties identified in the following: (i) ConserveVirginia, (ii) Virginia Outdoors Plan, (iii) Virginia Natural Heritage Plan, (iv) Virginia Institute of Marine Science Inventory, (v) Virginia Joint Venture Board of the North American Waterfowl Management Plan, and (vi) Virginia Board of Historic Resources Inventory. In addition, the Board shall consider any information submitted by the Department<\/span> of Agriculture and Consumer Services on farmland preservation priorities and any information submitted by the Department<\/span> of Forestry on forest land initiatives and inventories; and\n\t\t\t\td. Maintain the inventory and needs assessment on an annual basis. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> To expend directly or allocate the funds received by the Foundation to the appropriate state agencies for the purpose of acquiring those properties or property interests selected by the Board of Trustees. In the case of restricted funds the Board’s powers shall be limited by the provisions of § 10.1-1022<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> To enter into contracts<\/span> and agreements, as approved by the Attorney General<\/span>, to accomplish the purposes of the Foundation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> To receive and expend gifts, grants and donations from whatever source to further the purposes set forth in subsection B of § 10.1-1020<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> To sell, exchange or otherwise dispose of or invest as it deems proper the moneys, securities, or other real or personal property or any interest therein given or bequeathed to it, unless such action is restricted by the terms of a gift or bequest. However, the provisions of § 10.1-1704<\/a> shall apply to any diversion<\/span> from open-space use of any land given or bequeathed to the Foundation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> To conduct fund-raising events as deemed appropriate by the Board of Trustees. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> To do any and all lawful acts necessary or appropriate to carry out the purposes for which the Foundation and Fund are established. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF THE FOUNDATION (\u00a7 10.1-1021)\n\nIn order to carry out its purposes, the Foundation shall have the following\npowers and duties:\n\n1. To prepare a comprehensive plan that recognizes and seeks to implement all of\nthe purposes for which the Foundation is created. In preparing this plan, the\nFoundation shall:\n\t\t\ta. Establish criteria for the expenditure of unrestricted moneys received by\nthe Fund. In making grants for the expenditure of such unrestricted moneys, the\nBoard of Trustees shall consider the following criteria, not all of which need\nto be met in order for a grant to be awarded:\n\n 1. The ecological, outdoor recreational, historic, agricultural, and forestal\n value of the property;\n\n 2. An assessment of market values;\n\n 3. Consistency with local comprehensive plans;\n\n 4. Geographical balance of properties and interests in properties to be\n purchased;\n\n 5. Availability of public and private matching funds to assist in the\n purchase;\n\n 6. Imminent danger of loss of natural, outdoor, recreational, or historic\n attributes of a significant portion of the land;\n\n 7. Economic value to the locality and region attributable to the purchase;\n\n 8. Advisory opinions from local governments, state agencies, or others;\n\n 9. Whether the property has been identified by ConserveVirginia and whether\n the proposal seeks to preserve the conservation values identified by\n ConserveVirginia; and\n\n 10. Whether the property is in an area lacking outdoor recreation facilities;\n \t\t\t\tb. Develop an inventory of those properties in which the Commonwealth\n holds a legal interest for the purpose set forth in subsection A of §\n 10.1-1020;\n \t\t\t\tc. Develop a needs assessment for future expenditures from the Fund. In\n developing the needs assessment, the Board of Trustees shall consider among\n others the properties identified in the following: (i) ConserveVirginia, (ii)\n Virginia Outdoors Plan, (iii) Virginia Natural Heritage Plan, (iv) Virginia\n Institute of Marine Science Inventory, (v) Virginia Joint Venture Board of the\n North American Waterfowl Management Plan, and (vi) Virginia Board of Historic\n Resources Inventory. In addition, the Board shall consider any information\n submitted by the Department of Agriculture and Consumer Services on farmland\n preservation priorities and any information submitted by the Department of\n Forestry on forest land initiatives and inventories; and\n \t\t\t\td. Maintain the inventory and needs assessment on an annual basis.\n\n2. To expend directly or allocate the funds received by the Foundation to the\nappropriate state agencies for the purpose of acquiring those properties or\nproperty interests selected by the Board of Trustees. In the case of restricted\nfunds the Board’s powers shall be limited by the provisions of §\n10.1-1022.\n\n3. To enter into contracts and agreements, as approved by the Attorney General,\nto accomplish the purposes of the Foundation.\n\n4. To receive and expend gifts, grants and donations from whatever source to\nfurther the purposes set forth in subsection B of § 10.1-1020.\n\n5. To sell, exchange or otherwise dispose of or invest as it deems proper the\nmoneys, securities, or other real or personal property or any interest therein\ngiven or bequeathed to it, unless such action is restricted by the terms of a\ngift or bequest. However, the provisions of § 10.1-1704 shall apply to any\ndiversion from open-space use of any land given or bequeathed to the Foundation.\n\n6. To conduct fund-raising events as deemed appropriate by the Board of\nTrustees.\n\n7. To do any and all lawful acts necessary or appropriate to carry out the\npurposes for which the Foundation and Fund are established.\n\nHISTORY: 1992, c. 426; 1999, cc. 900, 906; 2000, c. 1053; 2005, c. 633; 2021,\nSp. Sess. I, c. 99; 2022, c. 705.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}