2006 Code of Virginia § 3.1-1107 - Commission created; purposes

3.1-1107. Commission created; purposes.

A. The Tobacco Indemnification and Community Revitalization Commission iscreated as a body corporate and a political subdivision of the Commonwealthand as such shall have, and is vested with, all of the politic and corporatepowers as are set forth in this chapter. The Commission is established forthe purposes of determining the appropriate recipients of moneys in theTobacco Indemnification and Community Revitalization Fund and causingdistribution of such moneys for the purposes provided in this chapter,including using moneys in the Fund to (i) provide payments to tobacco farmersas compensation for the adverse economic effects resulting from loss ofinvestment in specialized tobacco equipment and barns and lost tobaccoproduction opportunities associated with a decline in quota and (ii)revitalize tobacco dependent communities. The Commission shall have onlythose powers enumerated in 3.1-1109.

(1999, cc. 880, 962, 9-381; 2001, c. 844.)