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2008 SESSION
Be 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 the Chancellor of the Virginia Community College System, all serving ex
officio, and 19 18 members to be appointed as follows: (i)
one from each congressional district in the Commonwealth and two citizens one
citizen 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 a higher unemployment rate than that of
the statewide average unemployment rate as reported by the Virginia Employment
Commission for the preceding four years from the date of appointment. Ex
officio members of the Board shall serve terms coincident with their terms of
office. Four of the 13 12 directors initially appointed by
the Governor shall be appointed for terms of two and one-half years, four three
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 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 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, 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 shall appoint 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 and carry out such of the powers and duties conferred upon him by the Board.
2. That the provisions of this act shall not be construed to affect existing appointments for which the terms have not expired as of July 1, 2008.