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.

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 | history

SUMMARY AS PASSED:

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.

SUMMARY AS PASSED SENATE:

AMENDMENTS PROPOSED BY THE HOUSE OF DELEGATES

1. Page 1, engrossed, Title, line 4, after 20

insert

, relating to the Virginia Biotechnology Research Park Authority; powers and duties

2. Page 1, engrossed, line 19, after Secretary

strike

for Economic Development

insert

of Commerce and Trade

3. Page 3, engrossed, line 29, after Authority.

insert

The Auditor of Public Accounts shall work with the Authority to ensure that all such activities authorized by this chapter maintain appropriate public accountability.

SUMMARY AS INTRODUCED:

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.