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2008 SESSION

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SB 767 Richmond Metropolitan Authority; revises composition of Board of Directors.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Richmond Metropolitan Authority; composition of Board; revenue authority.  Revises the composition of the Board of Directors of the Richmond Metropolitan Authority (RMA) and provides an opportunity for additional localities to join the Authority. The RMA is also granted additional revenue authority. However, the fees and taxes authorized by this Act by the Authority shall only be imposed or assessed by the Authority if (i) the member localities approve the restructuring of the Board of Directors of the Authority as proposed by this Act and (ii) a majority of Authority members that include at least 51 percent of the population of the localities embraced by the Authority pass a duly adopted resolution stating its approval of such power of the Authority.


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