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1997 SESSION

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HB 1652 Retirement System; legal representation of trustees, etc.

Introduced by: Lacey E. Putney | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Retirement System; legal representation in certain criminal matters. Authorizes the VRS Board, out of funds appropriated for the administration of the Retirement System, to reimburse any VRS trustee, advisory committee member, officer, or employee who is investigated by any law-enforcement agency or otherwise prosecuted on any criminal charge alleging a violation of state or federal securities laws, for all or part of his legal fees and expenses. Such reimbursement may be made only if the person is acquitted or otherwise found to be innocent of the alleged violation.


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