{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/22.1-164.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/22.1-164.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/22.1-164.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/22.1-164.html"}],"law_id":68781,"edition_id":1,"section_id":68781,"structure_id":14222,"section_number":"22.1-164","catch_line":"Board of Commissioners; membership; terms; compensation and expenses; chairman and vice-chairman; quorum; employees, agents, etc","history":"Code 1950, \u00a7 22-29.4; 1962, c. 194; 1972, c. 745; 1976, c. 22; 1980, cc. 559, 728; 2011, cc. 691, 714.","full_text":"All powers, rights and duties conferred by this chapter or other provisions of law upon the Authority shall be exercised by the Board of Commissioners of the Virginia Public School Authority. The Board of Commissioners shall consist of the State Treasurer, the State Comptroller, the Superintendent of Public Instruction or his designee, and five additional members to be appointed by the Governor, subject to confirmation by the General Assembly, who shall serve at the pleasure of the Governor for terms of six years each. Appointments to fill vacancies other than by expiration of term shall be made for the unexpired terms. The chairman and members of the Board of Commissioners shall receive such compensation as provided for by law.\n\t\tThe Governor shall designate one member of the Board of Commissioners as chairman who shall serve a two-year term. No member shall be eligible to serve more than two consecutive terms as chairman. The chairman shall be the chief executive officer of the Authority and shall receive such compensation as the Governor shall fix. The State Treasurer, the State Comptroller, the Superintendent of Public Instruction and his designee shall be ineligible to serve as chairman. The chairman shall sign and execute all vouchers for the disbursement of funds belonging to the Authority upon authorization by the Board. Five members of the Board of Commissioners shall constitute a quorum for the transaction of all business of the Authority. The Board of Commissioners shall elect one of its members as vice-chairman, who shall exercise the powers of the chairman when so directed by the chairman.\n\t\tThe Board of Commissioners may employ or retain such employees, agents, financial advisers and attorneys as it may deem necessary and fix their compensation.","order_by":null,"text":{"0":{"id":248992,"text":"All powers, rights and duties conferred by this chapter or other provisions of law upon the Authority shall be exercised by the Board of Commissioners of the Virginia Public School Authority. The Board of Commissioners shall consist of the State Treasurer, the State Comptroller, the Superintendent of Public Instruction or his designee, and five additional members to be appointed by the Governor, subject to confirmation by the General Assembly, who shall serve at the pleasure of the Governor for terms of six years each. Appointments to fill vacancies other than by expiration of term shall be made for the unexpired terms. The chairman and members of the Board of Commissioners shall receive such compensation as provided for by law.\n\t\tThe Governor shall designate one member of the Board of Commissioners as chairman who shall serve a two-year term. No member shall be eligible to serve more than two consecutive terms as chairman. The chairman shall be the chief executive officer of the Authority and shall receive such compensation as the Governor shall fix. The State Treasurer, the State Comptroller, the Superintendent of Public Instruction and his designee shall be ineligible to serve as chairman. The chairman shall sign and execute all vouchers for the disbursement of funds belonging to the Authority upon authorization by the Board. Five members of the Board of Commissioners shall constitute a quorum for the transaction of all business of the Authority. The Board of Commissioners shall elect one of its members as vice-chairman, who shall exercise the powers of the chairman when so directed by the chairman.\n\t\tThe Board of Commissioners may employ or retain such employees, agents, financial advisers and attorneys as it may deem necessary and fix their compensation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14222,"edition_id":1,"name":"Virginia Public School Authority","identifier":"11","label":"chapter","depth":2,"order_by":1,"parent_id":12823,"metadata":{},"date_created":"2026-06-26 03:47:21","date_modified":"2026-06-26 03:47:21","permalink":{"id":181141,"object_type":"structure","relational_id":14222,"identifier":"11","token":"22.1\/11","url":"\/22.1\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12823,"edition_id":1,"name":"Education","identifier":"22.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:55","date_modified":"2026-06-26 03:43:55","permalink":{"id":180949,"object_type":"structure","relational_id":12823,"identifier":"22.1","token":"22.1","url":"\/22.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60646,"structure_id":14222,"section_number":"22.1-162","catch_line":"Definitions","url":"\/22.1-162\/","token":"22.1\/11\/22.1-162","metadata":false},{"id":55683,"structure_id":14222,"section_number":"22.1-163","catch_line":"Authority created; public body corporate and agency of Commonwealth","url":"\/22.1-163\/","token":"22.1\/11\/22.1-163","metadata":false},{"id":68781,"structure_id":14222,"section_number":"22.1-164","catch_line":"Board of Commissioners; membership; terms; compensation and expenses; chairman and vice-chairman; quorum; employees, agents, etc","url":"\/22.1-164\/","token":"22.1\/11\/22.1-164","metadata":false},{"id":79420,"structure_id":14222,"section_number":"22.1-165","catch_line":"Management and administration of moneys, etc., transferred from Literary Fund","url":"\/22.1-165\/","token":"22.1\/11\/22.1-165","metadata":false},{"id":69519,"structure_id":14222,"section_number":"22.1-166","catch_line":"Purchase and sale of local school bonds","url":"\/22.1-166\/","token":"22.1\/11\/22.1-166","metadata":false},{"id":61249,"structure_id":14222,"section_number":"22.1-166.1","catch_line":"Loans to local school boards","url":"\/22.1-166.1\/","token":"22.1\/11\/22.1-166.1","metadata":false},{"id":71860,"structure_id":14222,"section_number":"22.1-166.2","catch_line":"Grants to local school boards","url":"\/22.1-166.2\/","token":"22.1\/11\/22.1-166.2","metadata":false},{"id":78885,"structure_id":14222,"section_number":"22.1-167","catch_line":"Issuance of bonds of Authority","url":"\/22.1-167\/","token":"22.1\/11\/22.1-167","metadata":false},{"id":73854,"structure_id":14222,"section_number":"22.1-167.1","catch_line":"Refunding issues; pass-through of savings realized","url":"\/22.1-167.1\/","token":"22.1\/11\/22.1-167.1","metadata":false},{"id":85235,"structure_id":14222,"section_number":"22.1-167.2","catch_line":"Security for payment; appropriations","url":"\/22.1-167.2\/","token":"22.1\/11\/22.1-167.2","metadata":false},{"id":68625,"structure_id":14222,"section_number":"22.1-167.3","catch_line":"Bonds or notes issued for the purpose of making grants; security for payment; appropriations","url":"\/22.1-167.3\/","token":"22.1\/11\/22.1-167.3","metadata":false},{"id":73276,"structure_id":14222,"section_number":"22.1-168","catch_line":"Security for payment and bonds; provisions of trust indenture or resolution of Board","url":"\/22.1-168\/","token":"22.1\/11\/22.1-168","metadata":false},{"id":80085,"structure_id":14222,"section_number":"22.1-168.1","catch_line":"Reserve fund; limitations","url":"\/22.1-168.1\/","token":"22.1\/11\/22.1-168.1","metadata":false},{"id":59087,"structure_id":14222,"section_number":"22.1-169","catch_line":"Investment of funds","url":"\/22.1-169\/","token":"22.1\/11\/22.1-169","metadata":false},{"id":69727,"structure_id":14222,"section_number":"22.1-170","catch_line":"Repayments to Literary Fund","url":"\/22.1-170\/","token":"22.1\/11\/22.1-170","metadata":false},{"id":74494,"structure_id":14222,"section_number":"22.1-171","catch_line":"Powers of Authority enumerated","url":"\/22.1-171\/","token":"22.1\/11\/22.1-171","metadata":false},{"id":72150,"structure_id":14222,"section_number":"22.1-172","catch_line":"Bonds exempt from taxation","url":"\/22.1-172\/","token":"22.1\/11\/22.1-172","metadata":false},{"id":72965,"structure_id":14222,"section_number":"22.1-173","catch_line":"Bonds legal investments","url":"\/22.1-173\/","token":"22.1\/11\/22.1-173","metadata":false},{"id":77783,"structure_id":14222,"section_number":"22.1-174","catch_line":"Jurisdiction of suits against Authority; service of process","url":"\/22.1-174\/","token":"22.1\/11\/22.1-174","metadata":false},{"id":55435,"structure_id":14222,"section_number":"22.1-175","catch_line":"Transfers from Literary Fund to Authority","url":"\/22.1-175\/","token":"22.1\/11\/22.1-175","metadata":false}],"previous_section":{"id":55683,"structure_id":14222,"section_number":"22.1-163","catch_line":"Authority created; public body corporate and agency of Commonwealth","url":"\/22.1-163\/","token":"22.1\/11\/22.1-163","metadata":false},"next_section":{"id":79420,"structure_id":14222,"section_number":"22.1-165","catch_line":"Management and administration of moneys, etc., transferred from Literary Fund","url":"\/22.1-165\/","token":"22.1\/11\/22.1-165","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/22.1-164\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 5 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1962, chapter 194; in 1972, chapter 745; in 1976, chapter 22; in 1980, chapters 559 and 728; in 2011, chapters 691<\/a> and 714<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":181151,"object_type":"law","relational_id":68781,"identifier":"22.1-164","token":"22.1\/11\/22.1-164","url":"\/22.1-164\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/22.1-164\/","token":"22.1\/11\/22.1-164","dublin_core":{"Title":"Board of Commissioners; membership; terms; compensation and expenses; chairman and vice-chairman; quorum; employees, agents, etc","Type":"Text","Format":"text\/html","Identifier":"\u00a7 22.1-164","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All powers, rights and duties conferred by this chapter or other provisions of law<\/span> upon the Authority<\/span> shall be exercised by the Board of Commissioners<\/span> of the Virginia Public School Authority<\/span>. The Board of Commissioners<\/span> shall consist of the State Treasurer, the State Comptroller, the Superintendent<\/span> of Public Instruction or his designee, and five additional members to be appointed by the Governor, subject to confirmation by the General Assembly, who shall serve at the pleasure of the Governor for terms of six years each. Appointments to fill vacancies other than by expiration of term shall be made for the unexpired terms. The chairman and members of the Board of Commissioners<\/span> shall receive such compensation as provided for by law<\/span>.\n\t\tThe Governor shall designate one member of the Board of Commissioners<\/span> as chairman who shall serve a two-year term. No member shall be eligible to serve more than two consecutive terms as chairman. The chairman shall be the chief executive officer of the Authority<\/span> and shall receive such compensation as the Governor shall fix. The State Treasurer, the State Comptroller, the Superintendent<\/span> of Public Instruction and his designee shall be ineligible to serve as chairman. The chairman shall sign and execute all vouchers for the disbursement of funds belonging to the Authority<\/span> upon authorization by the Board. Five members of the Board of Commissioners<\/span> shall constitute a quorum for the transaction of all business of the Authority<\/span>. The Board of Commissioners<\/span> shall elect one of its members as vice-chairman, who shall exercise the powers of the chairman when so directed by the chairman.\n\t\tThe Board of Commissioners<\/span> may employ or retain such employees, agents, financial advisers and attorneys as it may deem necessary and fix their compensation.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOARD OF COMMISSIONERS; MEMBERSHIP; TERMS; COMPENSATION AND EXPENSES; CHAIRMAN\nAND VICE-CHAIRMAN; QUORUM; EMPLOYEES, AGENTS, ETC (\u00a7 22.1-164)\n\nAll powers, rights and duties conferred by this chapter or other provisions of\nlaw upon the Authority shall be exercised by the Board of Commissioners of the\nVirginia Public School Authority. The Board of Commissioners shall consist of\nthe State Treasurer, the State Comptroller, the Superintendent of Public\nInstruction or his designee, and five additional members to be appointed by the\nGovernor, subject to confirmation by the General Assembly, who shall serve at\nthe pleasure of the Governor for terms of six years each. Appointments to fill\nvacancies other than by expiration of term shall be made for the unexpired\nterms. The chairman and members of the Board of Commissioners shall receive such\ncompensation as provided for by law.\n\t\tThe Governor shall designate one member of the Board of Commissioners as\nchairman who shall serve a two-year term. No member shall be eligible to serve\nmore than two consecutive terms as chairman. The chairman shall be the chief\nexecutive officer of the Authority and shall receive such compensation as the\nGovernor shall fix. The State Treasurer, the State Comptroller, the\nSuperintendent of Public Instruction and his designee shall be ineligible to\nserve as chairman. The chairman shall sign and execute all vouchers for the\ndisbursement of funds belonging to the Authority upon authorization by the\nBoard. Five members of the Board of Commissioners shall constitute a quorum for\nthe transaction of all business of the Authority. The Board of Commissioners\nshall elect one of its members as vice-chairman, who shall exercise the powers\nof the chairman when so directed by the chairman.\n\t\tThe Board of Commissioners may employ or retain such employees, agents,\nfinancial advisers and attorneys as it may deem necessary and fix their\ncompensation.\n\nHISTORY: Code 1950, \u00a7 22-29.4; 1962, c. 194; 1972, c. 745; 1976, c. 22; 1980,\ncc. 559, 728; 2011, cc. 691, 714.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}