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1998 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 2.1-548.32 of the Code of Virginia is amended and reenacted as follows:
§ 2.1-548.32. Powers and duties of the Executive Director.
The Executive Director shall employ or retain such agents or employees
subordinate to the Executive Director as may be necessary to fulfill the duties
of the Authority conferred upon the Executive Director, subject to the Board's
approval. Employees of the Authority shall be eligible for membership in the
Virginia Retirement System and participation in all of the health
and related insurance for and other benefits, including premium
conversion and flexible benefits, available to state employees as
provided in § 2.1-20.1 by law. The Executive
Director shall also exercise such of the powers and duties relating to the
direction of the Commonwealth's economic development efforts conferred upon the
Authority as may be delegated to him by the Board, including powers and duties
involving the exercise of discretion. The Executive Director shall also
exercise and perform such other powers and duties as may be lawfully delegated
to him or as may be conferred or imposed upon him by law.