                                 CODE OF VIRGINIA

BOARD TO ADMINISTER INSTITUTIONAL FUND (§ 51.5-63)

The Board is authorized to create and hold an institutional fund for its
exclusive use and purposes into which it may deposit the proceeds of any gift,
grant, bequest, allotment, or devise of any nature received from private
sources. Such fund shall be subject to the Uniform Prudent Management of
Institutional Funds Act (§ 64.2-1100 et seq.). The fund and the income from
such fund shall not be subject to the provisions of § 2.2-1802. The
availability of such fund shall not be taken into consideration in, nor used to
reduce, state appropriations or payments, but such funds shall be used in
accordance with the wishes of the donors thereof to strengthen the services
rendered to the blind and vision impaired of this Commonwealth.

HISTORY: Code 1950, § 63-167.1; 1966, c. 259; 1968, c. 578, § 63.1-74; 1980,
c. 4; 1989, c. 267; 1992, c. 755; 2002, c. 747; 2008, c. 184.