                                 CODE OF VIRGINIA

AUTHORITY OF BOARD OF TRUSTEES (§ 2.2-2716)

The board of trustees has the authority to:

1. Administer the Veterans Services Fund, request appropriations, and make
allocations of revenue from the Fund to the Department of Veterans Services to
provide supplemental funding for the Department&#8217;s services and programs;

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

3. Enter into contracts and execute all instruments necessary and appropriate to
carry out the Foundation&#8217;s purposes;

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

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

6. Perform any lawful acts necessary or appropriate to carry out the purposes of
the Foundation; and

7. Develop policies and procedures applicable to the management and functioning
of the Foundation and the Department of Veterans Services relating to (i)
administration of the Fund, (ii) provision of funding for veterans services and
programs through the Fund, and (iii) acceptance and fundraising to strengthen
the structure of the Fund.

HISTORY: 2003, cc. 657, 670; 2008, cc. 467, 486, 768, 872; 2011, c. 795; 2017,
cc. 505, 622; 2020, c. 1128.