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2005 SESSION

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SB 1298 Economic Development Partnership Authority; increase of membership.

Introduced by: William C. Wampler, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Virginia Economic Development Partnership Authority; membership of the board of directors.  Increases the membership of the board of directors of the Virginia Economic Development Partnership Authority from 13 to 19 by adding four members appointed by the Speaker of the House of Delegates and two members appointed by the Senate Committee on Rules. Under the bill, the six members appointed by the General Assembly shall reside in regions of the Commonwealth that have a higher unemployment rate than the statewide unemployment average as reported by the Virginia Employment Commission for the preceding four years from the date of appointment. The bill also provides for staggered initial terms of the new members.

SUMMARY AS INTRODUCED:

Virginia Economic Development Partnership Authority; membership of the board of directors.  Increases the membership of the board of directors of the Virginia Economic Development Partnership Authority from 15 to 20 by adding three members appointed by the Speaker of the House of Delegates and two members appointed by the Senate Committee on Rules. Under the bill, the five members 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. The bill also provides for staggered initial terms of the new members.