SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2000 SESSION

  • | print version

SB 568 Biotechnology Research Park Authority, powers and duties.

Introduced by: D. Nick Rerras | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Biotechnology Research Park Authority, powers and duties. Amends the powers and duties of the Virginia Biotechnology Research Park Authority. The bill allows the President of Virginia Commonwealth University, the Mayor for the City of Richmond, and the Secretary of Commerce and Trade (the three ex officio members of the Authority's board of directors) to appoint designees who are entitled to exercise all powers of their designators and to perform all related functions. In addition to the Authority's existing power to issue bonds, the bill allows the Authority to borrow money; to create entities to facilitate activities or programs; to participate in joint ventures; and to assist entities that the Authority may create or entities with whom the Authority may participate in joint ventures.


FULL TEXT

AMENDMENTS

HISTORY