                                 CODE OF VIRGINIA

DEFINITIONS (§ 32.1-354)

As used in this chapter, unless the context clearly indicates otherwise:
		&#8220;Agreement&#8221; means the agreement or agreements between the
Commonwealth, as seller of the Tobacco Assets, and the Corporation, as purchaser
of the Tobacco Assets. The sale by the Commonwealth of the Tobacco Assets
pursuant to any such agreement shall be a true sale and not a borrowing.
		&#8220;Board&#8221; means the Board of Trustees of the Foundation appointed
pursuant to § 32.1-357.
		&#8220;Corporation&#8221; means the Tobacco Settlement Financing Corporation
as created under state law.
		&#8220;Director&#8221; means the director of the Foundation appointed pursuant
to § 32.1-358.
		&#8220;Endowment&#8221; means the Virginia Tobacco Settlement Foundation
Endowment established pursuant to § 32.1-361.1.
		&#8220;Foundation&#8221; means the Virginia Foundation for Healthy Youth,
created pursuant to § 32.1-355.
		&#8220;Foundation Allocation&#8221; means 10 percent of the annual amount
received under the Master Settlement Agreement by the Commonwealth, or that
would have been received but for the sale of such allocation pursuant to an
agreement, between the starting and ending dates specified in the agreement.
		&#8220;Fund&#8221; means the Virginia Tobacco Settlement Fund established
pursuant to § 32.1-360.
		&#8220;Period of sale&#8221; means the time during which a purchase under an
agreement is entitled to receive the Foundation Allocation.
		&#8220;Tobacco Assets&#8221; means all right, title, and interest in and to
the portion of the Foundation Allocation that may be sold to the Corporation
from time to time.

HISTORY: 1999, cc. 880, 962; 2007, c. 345; 2009, cc. 424, 554.