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1995 SESSION

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SB 1086 Economic Development Partnership.

Introduced by: Charles R. Hawkins | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Economic Development Partnership. Establishes the Virginia Economic Development Partnership (the “Authority”) as a political subdivision of the Commonwealth. The Authority is charged with encouraging, stimulating and supporting the development and expansion of the Commonwealth's economy by providing economic development services, conducting research, and developing a comprehensive economic development strategy. The Authority's Board of Directors shall consist of the Secretary of Commerce and Trade, the Secretary of Finance, and 11 citizens representing each of Virginia's congressional districts. Certain information acquired by the Authority will be exempt from the Freedom of Information Act. The Authority will be exempt from property, sales, and income taxes. The Authority is also charged with developing a plan identifying functions to be transferred from the Department of Economic Development, which plan is due by December 15, 1995. The bill also, under FOIA, (i) provides that public bodies, which withhold the release of documents, specify which documents are being withheld and under which exemptions they fall and (ii) excludes offices of cabinet secretaries or any department, board, council, etc. from inclusion in the term “Office of the Governor and the Lieutenant Governor, the Attorney General and certain other officials.


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