                                 CODE OF VIRGINIA

LICENSURE OF CERTAIN NONPROFIT ORGANIZATIONS (§ 46.2-1508.1)

A. Any nonprofit organization exempt from taxation under &#xA7; 501(c) (3) of
the Internal Revenue Code that (i) receives title to motor vehicles as qualified
charitable gifts to the organization, (ii) provides no more than twelve of these
donated vehicles in any twelve-month period to low-income persons, as defined in
&#xA7; 2.2-5400, in need of transportation, and (iii) receives from the
recipients of the vehicles only reimbursement for the costs of repairs, towing,
titles, taxes, license fees and inspection fees shall be required to obtain a
dealer&#8217;s license. However, such nonprofit organization shall be exempt
from the requirements of &#xA7; 46.2-1510, Article 3.1 (&#xA7; 46.2-1527.1 et
seq.) of Chapter 15 of this title, &#xA7;&#xA7; 46.2-1533, and 46.2-1534.
Transactions of such nonprofit organization shall not be subject to recovery
from the Motor Vehicle Transaction Recovery Fund.

B. Upon application to and approval by the Board, any nonprofit organization
exempt from taxation under &#xA7; 501(c) (3) of the Internal Revenue Code may be
issued a nonprofit organization certificate authorizing it to consign donated
motor vehicles to licensed Virginia motor vehicle dealers when the nonprofit
organization receives title to such motor vehicles as qualified charitable gifts
and titles the vehicles in the name of the nonprofit organization.

HISTORY: 1998, c. 393; 2000, c. 180.