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1996 SESSION

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SB 620 Creation of university corporations by George Mason University.

Introduced by: Joseph V. Gartlan, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Creation of university corporations by George Mason University. Authorizes the board of visitors of George Mason University to create, own, or control university corporations, or to delegate this authority to officers or employees of the University. This ownership authority runs to corporations or other legal entities whose activities will promote the operations and mission of the University. The board of directors of any such corporation, partnership or other legal entity will serve at the pleasure of the board of visitors of the University.

The board may enter into contracts with these corporations and authorize its officers and employees to execute and administer the contracts; the contractors are deemed sole source providers under the Procurement Act.

These corporations will not be deemed a state or governmental agency for purposes of the Personnel Act, the Privacy Protection Act, the Virginia Retirement System, or the Procurement Act. The Auditor of Public Accounts will annually audit the financial accounts of these corporations. The measure expires on July 1, 2000.

This measure is nearly identical to HB 837 which adds the requirement that the board of visitors ensure that these entities provide opportunities for competition; however, there is no conflict.


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