§ 2.2-2706. Authority of Foundation
The Foundation is vested with full authority to:
1. Manage, control, maintain, and operate the Virginia War Memorial, including the contents, furnishings, grounds, funds, property and endowments thereof;
2. Set fees for the use of the Memorial;
3. Adopt regulations for the use and visitation to the Memorial, which regulations shall be exempt from the provisions of the Administrative Process Act (§ 2.2-4000 et seq.);
4. Participate with the military forces of the United States and the Commonwealth and with veterans organizations in the planning, development and execution of appropriate programs and events that further the purposes of the Memorial;
5. Employ and discharge from employment such persons as may be necessary to manage, control, maintain, operate and raise funds for the Memorial;
6. Determine what programs and activities may and should be carried out at the Memorial;
7. Enter into contracts with respect to the duties and responsibilities imposed upon the Foundation herein; all such contracts shall be approved by the Attorney General;
8. Establish a nonprofit corporation as an instrumentality to assist in the details of administering the affairs of the Foundation;
9. Create, invest and use an endowment fund for the purposes set forth in this section;
10. Take such actions as may be reasonably necessary to seek, promote and stimulate contributions for the endowment, maintenance, and improvement of the Memorial and activities therein;
11. Receive, expend and administer on behalf of the Commonwealth donations, gifts, grants, bequests and devises of real and personal property for the endowment of the Memorial or for any special purpose designated by the donor that is consistent with the purposes of the Memorial set forth in this article; and
12. Change the form of any funds, securities, or other property, real or personal, provided that such change is consistent with the terms of the instrument under which the same was acquired.
(1992, c. 592, § 2.1-51.27:2; 2001, c. 844.)
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