VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2013 SESSION

• history | hilite | pdf | print version

13102693D
SENATE BILL NO. 890 Senate Amendments in [ ] -- January 18, 2013 A BILL to amend the Code of Virginia by adding a section numbered 15.2-953.1, relating to local endowment fund. ---------- Patron Prior to Engrossment--Senator Black ---------- Referred to Committee on Local Government ----------

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 15.2-953.1 as follows:

§ 15.2-953.1. Establishment of local endowment.

The Town of Leesburg may by ordinance establish an endowment fund for the purpose of supporting a library  [ that is not part of the town's public library system- owned or operated by the town  ] . The endowment may receive all gifts, grants, or contributions designated for inclusion in the endowment. No part of the endowment shall revert to the general fund of the town.

The endowment shall be established and administered by the governing body of the town or by a nonprofit entity created or approved by the governing body for such purpose. Any such nonprofit entity shall be governed by a board appointed by the governing body and granted such powers and authority as may be necessary to administer the endowment.