§ 10.1-217.6. (Effective October 1, 2008) Gifts and bequests to Foundation.
Gifts and bequests of money, security and other property to the fund shall be deemed to be gifts of the Commonwealth, and the fund shall be exempt from all state and local taxes except income earned by the farm operator or operators in the operation of the model farm. Any income earned from gifts, bequests, rent, security and other property shall be deposited to the credit of the fund. In the event that the model farm cannot be established, operated, or maintained, the Director of the Department of Conservation and Recreation may dispose of the property remaining at the farm and in the fund in any manner which he deems fit.
(1977, c. 57, § 3.1-22.12; 1986, c. 390; 2008, c. 860.)
Sections: Previous 10.1-209 10.1-210 10.1-211 10.1-212 10.1-213 10.1-214 10.1-215 10.1-216 10.1-217 10.1-217.1 10.1-217.2 10.1-217.3 10.1-217.4 10.1-217.5 10.1-217.6Last modified: April 16, 2009