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2005 SESSION
059613324Be it enacted by the General Assembly of Virginia:
1. That § 2.2-2235 of the Code of Virginia is amended and reenacted as follows:
§ 2.2-2235. Board of directors; members and officers; Executive Director.
The Authority shall be governed by board of directors
consisting of the Secretary of Commerce and Trade, the Secretary of Finance,
and thirteen 19 members, to be appointed as follows:
(i) one from each congressional district in the Commonwealth and two
citizens at large, appointed by the Governor, subject to confirmation by the
General Assembly; (ii) four citizens at large appointed by the Speaker of
the House; and (iii) two citizens at large appointed by the Senate Committee on
Rules. The six citizens appointed by the General Assembly shall reside in
regions of the Commonwealth that have unemployment reported at a rate of at
least one and one-half times that of the state unemployment average as reported
by the Virginia Employment Commission for the preceding four years from the
date of employment. Four of the thirteen 13 directors initially
appointed by the Governor shall be appointed for terms of two and one-half
years, four for terms of four and one-half years, and five for terms of six and
one-half years, from the effective date of their appointment; and thereafter
the terms of members of the Board shall be six years. No member appointed by
the Governor shall be eligible to serve more than two terms; however, after
the expiration of the term of a member appointed to serve three years or less,
two additional terms may be served if appointed thereto. Any appointment to
fill a vacancy shall be for the unexpired term. A person appointed by the
Governor to fill a vacancy may be appointed to serve two additional terms.
Members of the Board shall receive their expenses and shall be compensated at
the rate provided in § 2.2-2104 for each day spent on the business of the
Board.
The Board shall elect from its membership a chairman and a
vice-chairman vice chairman, and shall also elect a secretary and a
treasurer, who need not be members of the Board, and may also elect other
subordinate officers, who need not be members of the Board. The Board may also
form committees and advisory councils, which may include representatives who
are not members of the Board, to undertake more extensive study and discussion
of the issues before the Board.
A majority of the Board shall constitute a quorum for the transaction of the Authority's business, and no vacancy in the membership shall impair the right of a quorum to exercise the rights and perform all duties of the Authority.
The Board Governor shall appoint, subject to
confirmation by the General Assembly, the chief executive officer of the
Authority, who shall not be a member of the Board, who shall be known as the
Executive Director and who shall serve at the pleasure of the Board
Governor and carry out such of the powers and duties conferred upon him by
the Board.
2. That the initial terms of the members of the board of directors appointed pursuant to this act shall be staggered as follows: (i) one member appointed by the Speaker of the House of Delegates and one member appointed by the Senate Committee on Rules to a term of four years, (ii) one member appointed by the Speaker of the House of Delegates and one member appointed by the Senate Committee on Rules to a term of five years, and (iii) two members appointed by Speaker of the House of Delegates for a term of six years. Thereafter the terms of members shall be six years.