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2019 SESSION
19106343DBe it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 23.1-102.1 as follows:
§ 23.1-102.1. Executive officers; salaries.
No salary of any executive officer of a public institution of higher education shall exceed the midpoint of the Level I Range for agency heads set forth in Part 4 of the general appropriation act, provided, however, that (i) the governing board of any institution located in Planning District 8 may adjust the salary of any such executive officer by no more than 19 percent of such midpoint and (ii) the governing board of any institution may supplement the salary of any such executive officer with private gifts, endowment funds, foundation funds, and income from private gifts and endowments.
2. That the provisions of this act shall not apply to any executive officer of a public institution of higher education who is employed by such institution on June 30, 2019, and maintains continuous employment by such institution after the effective date of this act.