{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-701.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-701.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-701.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-701.html"}],"law_id":78668,"edition_id":1,"section_id":78668,"structure_id":13113,"section_number":"23.1-701","catch_line":"Plan established; moneys; governing board","history":"1994, c. 661, \u00a7 23-38.76; 1997, cc. 785, 861; 1999, cc. 485, 518; 2000, cc. 382, 400; 2009, cc. 827, 845; 2013, cc. 586, 649; 2014, cc. 23, 687; 2015, cc. 227, 311; 2016, c. 588; 2019, cc. 803, 804; 2021, Sp. Sess. I, c. 556; 2024, c. 217; 2025, c. 144.","full_text":"A\n\nTo enhance the accessibility and affordability of higher education for all citizens of the Commonwealth, and assist families and individuals to save for qualified disability expenses, the Commonwealth Savers Plan is established as a body politic and corporate and an independent agency of the Commonwealth.B\n\nMoneys of the Plan that are contributions to savings trust accounts made pursuant to this chapter, except as otherwise authorized or provided in this chapter, shall be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. The savings program moneys in such accounts shall be paid out on checks, drafts payable on demand, electronic wire transfers, or other means authorized by officers or employees of the Plan.C\n\nAll other moneys of the Plan, including payments received pursuant to prepaid tuition contracts, bequests, endowments, grants from the United States government or its agencies or instrumentalities, and any other available public or private sources of funds shall be first deposited in the state treasury in a special nonreverting fund (the Fund). Such moneys shall then be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. Benefits relating to prepaid tuition contracts and Plan operating expenses shall be paid from the Fund. Any moneys remaining in the Fund at the end of a biennium shall not revert to the general fund but shall remain in the Fund. Interest and income earned from the investment of such funds shall remain in the Fund and be credited to it.D\n\nThe Plan may maintain an independent disbursement system for the disbursement of prepaid tuition contract benefits and, in connection with such system, open and maintain a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. Such independent disbursement system and any related procedures shall be subject to review and approval by the State Comptroller. Nothing in this subsection shall be construed to relieve the Plan of its duty to provide prepaid tuition contract benefit transactions to the Commonwealth’s system of general accounting maintained by the State Comptroller pursuant to § 2.2-802.E\n\nThe Plan shall be administered by an 11-member board that consists of (i) the Executive Director of the Council or his designee, the Chancellor of the Virginia Community College System or his designee, the State Treasurer or his designee, and the State Comptroller or his designee, all of whom shall serve ex officio with voting privileges, and (ii) seven nonlegislative citizen members, four of whom shall be appointed by the Governor, one of whom shall be appointed by the Senate Committee on Rules, two of whom shall be appointed by the Speaker of the House of Delegates, and all of whom shall have significant experience in finance, accounting, law, investment management, higher education, or disability advocacy. In addition, at least one of the nonlegislative citizen members shall have expertise in the management and administration of private defined contribution retirement plans.F\n\nMembers appointed to the board shall serve terms of four years. Vacancies occurring other than by expiration of a term shall be filled for the unexpired term. No member appointed to the board shall serve more than two consecutive four-year terms; however, a member appointed to serve an unexpired term is eligible to serve two consecutive four-year terms immediately succeeding such unexpired term.G\n\nEx officio members of the board shall serve terms coincident with their terms of office.H\n\nMembers of the board shall receive no compensation but shall be reimbursed for actual expenses incurred in the performance of their duties.I\n\nThe board shall elect from its membership a chairman and a vice-chairman annually.J\n\nA majority of the members of the board shall constitute a quorum.","order_by":null,"text":{"0":{"id":281888,"text":"To enhance the accessibility and affordability of higher education for all citizens of the Commonwealth, and assist families and individuals to save for qualified disability expenses, the Commonwealth Savers Plan is established as a body politic and corporate and an independent agency of the Commonwealth.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":281889,"text":"Moneys of the Plan that are contributions to savings trust accounts made pursuant to this chapter, except as otherwise authorized or provided in this chapter, shall be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. The savings program moneys in such accounts shall be paid out on checks, drafts payable on demand, electronic wire transfers, or other means authorized by officers or employees of the Plan.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":281890,"text":"All other moneys of the Plan, including payments received pursuant to prepaid tuition contracts, bequests, endowments, grants from the United States government or its agencies or instrumentalities, and any other available public or private sources of funds shall be first deposited in the state treasury in a special nonreverting fund (the Fund). Such moneys shall then be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. Benefits relating to prepaid tuition contracts and Plan operating expenses shall be paid from the Fund. Any moneys remaining in the Fund at the end of a biennium shall not revert to the general fund but shall remain in the Fund. Interest and income earned from the investment of such funds shall remain in the Fund and be credited to it.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":281891,"text":"The Plan may maintain an independent disbursement system for the disbursement of prepaid tuition contract benefits and, in connection with such system, open and maintain a separate account or separate accounts in banks or trust companies organized under the laws of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law, savings institutions organized under the laws of the Commonwealth or the United States. Such independent disbursement system and any related procedures shall be subject to review and approval by the State Comptroller. Nothing in this subsection shall be construed to relieve the Plan of its duty to provide prepaid tuition contract benefit transactions to the Commonwealth’s system of general accounting maintained by the State Comptroller pursuant to § 2.2-802.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":281892,"text":"The Plan shall be administered by an 11-member board that consists of (i) the Executive Director of the Council or his designee, the Chancellor of the Virginia Community College System or his designee, the State Treasurer or his designee, and the State Comptroller or his designee, all of whom shall serve ex officio with voting privileges, and (ii) seven nonlegislative citizen members, four of whom shall be appointed by the Governor, one of whom shall be appointed by the Senate Committee on Rules, two of whom shall be appointed by the Speaker of the House of Delegates, and all of whom shall have significant experience in finance, accounting, law, investment management, higher education, or disability advocacy. In addition, at least one of the nonlegislative citizen members shall have expertise in the management and administration of private defined contribution retirement plans.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":281893,"text":"Members appointed to the board shall serve terms of four years. Vacancies occurring other than by expiration of a term shall be filled for the unexpired term. No member appointed to the board shall serve more than two consecutive four-year terms; however, a member appointed to serve an unexpired term is eligible to serve two consecutive four-year terms immediately succeeding such unexpired term.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"6":{"id":281894,"text":"Ex officio members of the board shall serve terms coincident with their terms of office.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F","next_prefix":"H"},"7":{"id":281895,"text":"Members of the board shall receive no compensation but shall be reimbursed for actual expenses incurred in the performance of their duties.","type":"section","prefixes":["H"],"prefix":"H","entire_prefix":"H","prefix_anchor":"H","level":1,"prior_prefix":"G","next_prefix":"I"},"8":{"id":281896,"text":"The board shall elect from its membership a chairman and a vice-chairman annually.","type":"section","prefixes":["I"],"prefix":"I","entire_prefix":"I","prefix_anchor":"I","level":1,"prior_prefix":"H","next_prefix":"J"},"9":{"id":281897,"text":"A majority of the members of the board shall constitute a quorum.","type":"section","prefixes":["J"],"prefix":"J","entire_prefix":"J","prefix_anchor":"J","level":1,"prior_prefix":"I"}},"ancestry":[{"id":13113,"edition_id":1,"name":"Commonwealth Savers Plan and Able Savings Trust Accounts","identifier":"7","label":"chapter","depth":3,"order_by":1,"parent_id":13112,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":185235,"object_type":"structure","relational_id":13113,"identifier":"7","token":"23.1\/II\/7","url":"\/23.1\/II\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13112,"edition_id":1,"name":"Students and Campus","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184847,"object_type":"structure","relational_id":13112,"identifier":"II","token":"23.1\/II","url":"\/23.1\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":66160,"structure_id":13113,"section_number":"23.1-700","catch_line":"Definitions","url":"\/23.1-700\/","token":"23.1\/II\/7\/23.1-700","metadata":false},{"id":78668,"structure_id":13113,"section_number":"23.1-701","catch_line":"Plan established; moneys; governing board","url":"\/23.1-701\/","token":"23.1\/II\/7\/23.1-701","metadata":false},{"id":64579,"structure_id":13113,"section_number":"23.1-702","catch_line":"Advisory committees to the board; membership; terms; qualifications; duties","url":"\/23.1-702\/","token":"23.1\/II\/7\/23.1-702","metadata":false},{"id":86791,"structure_id":13113,"section_number":"23.1-703","catch_line":"Chief executive officer of the Plan","url":"\/23.1-703\/","token":"23.1\/II\/7\/23.1-703","metadata":false},{"id":86977,"structure_id":13113,"section_number":"23.1-704","catch_line":"Powers and duties of the board","url":"\/23.1-704\/","token":"23.1\/II\/7\/23.1-704","metadata":false},{"id":77185,"structure_id":13113,"section_number":"23.1-705","catch_line":"Board actions not a debt of Commonwealth","url":"\/23.1-705\/","token":"23.1\/II\/7\/23.1-705","metadata":false},{"id":72372,"structure_id":13113,"section_number":"23.1-706","catch_line":"Standard of care; investment and administration of the Plan","url":"\/23.1-706\/","token":"23.1\/II\/7\/23.1-706","metadata":false},{"id":57132,"structure_id":13113,"section_number":"23.1-707","catch_line":"Prepaid tuition contracts and college and ABLE savings trust agreements","url":"\/23.1-707\/","token":"23.1\/II\/7\/23.1-707","metadata":false},{"id":54148,"structure_id":13113,"section_number":"23.1-707.1","catch_line":"Prepaid tuition contracts; pricing reserves; limitations","url":"\/23.1-707.1\/","token":"23.1\/II\/7\/23.1-707.1","metadata":false},{"id":62682,"structure_id":13113,"section_number":"23.1-708","catch_line":"Assets of the Plan exempt from taxation","url":"\/23.1-708\/","token":"23.1\/II\/7\/23.1-708","metadata":false},{"id":77258,"structure_id":13113,"section_number":"23.1-709","catch_line":"Annual report","url":"\/23.1-709\/","token":"23.1\/II\/7\/23.1-709","metadata":false},{"id":74025,"structure_id":13113,"section_number":"23.1-710","catch_line":"Forms and audit of accounts and records","url":"\/23.1-710\/","token":"23.1\/II\/7\/23.1-710","metadata":false},{"id":82160,"structure_id":13113,"section_number":"23.1-711","catch_line":"Admission to institutions not guaranteed; coverage limitations","url":"\/23.1-711\/","token":"23.1\/II\/7\/23.1-711","metadata":false},{"id":72325,"structure_id":13113,"section_number":"23.1-712","catch_line":"Payroll deductions","url":"\/23.1-712\/","token":"23.1\/II\/7\/23.1-712","metadata":false},{"id":84958,"structure_id":13113,"section_number":"23.1-713","catch_line":"Liberal construction of chapter","url":"\/23.1-713\/","token":"23.1\/II\/7\/23.1-713","metadata":false}],"previous_section":{"id":66160,"structure_id":13113,"section_number":"23.1-700","catch_line":"Definitions","url":"\/23.1-700\/","token":"23.1\/II\/7\/23.1-700","metadata":false},"next_section":{"id":64579,"structure_id":13113,"section_number":"23.1-702","catch_line":"Advisory committees to the board; membership; terms; qualifications; duties","url":"\/23.1-702\/","token":"23.1\/II\/7\/23.1-702","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-701\/","history_text":"

This law was first created in 1994. The record of its establishment is cataloged in chapter 661<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 11 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 1997, chapters 785<\/a> and 861<\/a>; in 1999, chapters 485<\/a> and 518<\/a>; in 2000, chapters 382<\/a> and 400<\/a>; in 2009, chapters 827<\/a> and 845<\/a>; in 2013, chapters 586<\/a> and 649<\/a>; in 2014, chapters 23<\/a> and 687<\/a>; in 2015, chapters 227<\/a> and 311<\/a>; in 2016, chapter 588<\/a>; in 2019, chapters 803<\/a> and 804<\/a>; in 2024, chapter 217<\/a>; in 2025, chapter 144<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":185241,"object_type":"law","relational_id":78668,"identifier":"23.1-701","token":"23.1\/II\/7\/23.1-701","url":"\/23.1-701\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-701\/","token":"23.1\/II\/7\/23.1-701","dublin_core":{"Title":"Plan established; moneys; governing board","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-701","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> To enhance the accessibility and affordability of higher education for all citizens of the Commonwealth, and assist families and individuals to save for qualified disability expenses, the Commonwealth Savers Plan<\/span> is established as a body politic and corporate and an independent agency of the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Moneys of the Plan<\/span> that are contributions to savings trust accounts<\/span> made pursuant to this chapter, except as otherwise authorized or provided in this chapter, shall be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law<\/span>, savings institutions organized under the laws<\/span> of the Commonwealth or the United States. The savings program moneys in such accounts shall be paid out on checks, drafts payable on demand, electronic wire transfers, or other means authorized by officers or employees of the Plan<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> All other moneys of the Plan<\/span>, including payments received pursuant to prepaid tuition contracts<\/span>, bequests, endowments, grants from the United States government or its agencies or instrumentalities, and any other available public or private sources of funds shall be first deposited in the state treasury in a special nonreverting fund (the Fund). Such moneys shall then be deposited as soon as practicable in a separate account or separate accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law<\/span>, savings institutions organized under the laws<\/span> of the Commonwealth or the United States. Benefits relating to prepaid tuition contracts<\/span> and Plan<\/span> operating expenses shall be paid from the Fund. Any moneys remaining in the Fund at the end of a biennium shall not revert to the general fund but shall remain in the Fund. Interest and income earned from the investment of such funds shall remain in the Fund and be credited to it. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The Plan<\/span> may maintain an independent disbursement system<\/span> for the disbursement of prepaid tuition contract<\/span> benefits and, in connection with such system<\/span>, open and maintain a separate account or separate accounts in banks or trust companies organized under the laws<\/span> of the Commonwealth, national banking associations, federal home loan banks, or, to the extent permitted by law<\/span>, savings institutions organized under the laws<\/span> of the Commonwealth or the United States. Such independent disbursement system<\/span> and any related procedures shall be subject to review and approval by the State Comptroller. Nothing in this subsection shall be construed to relieve the Plan<\/span> of its duty to provide prepaid tuition contract<\/span> benefit transactions to the Commonwealth’s system<\/span> of general accounting maintained by the State Comptroller pursuant to § 2.2-802<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The Plan<\/span> shall be administered by an 11-member board<\/span> that consists of (i) the Executive Director of the Council<\/span> or his designee, the Chancellor of the Virginia Community College System<\/span> or his designee, the State Treasurer or his designee, and the State Comptroller or his designee, all of whom shall serve ex officio with voting privileges<\/span>, and (ii) seven nonlegislative citizen members, four of whom shall be appointed by the Governor, one of whom shall be appointed by the Senate Committee on Rules, two of whom shall be appointed by the Speaker of the House of Delegates, and all of whom shall have significant experience in finance, accounting, law<\/span>, investment management, higher education, or disability advocacy. In addition, at least one of the nonlegislative citizen members shall have expertise in the management and administration of private defined contribution retirement plans<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Members appointed to the board<\/span> shall serve terms of four years. Vacancies occurring other than by expiration of a term shall be filled for the unexpired term. No member appointed to the board<\/span> shall serve more than two consecutive four-year terms; however, a member appointed to serve an unexpired term is eligible to serve two consecutive four-year terms immediately succeeding such unexpired term. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> Ex officio members of the board<\/span> shall serve terms coincident with their terms of office. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

H.<\/span> Members of the board<\/span> shall receive no compensation but shall be reimbursed for actual expenses incurred in the performance of their duties. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

I.<\/span> The board<\/span> shall elect from its membership a chairman and a vice-chairman annually. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

J.<\/span> A majority of the members of the board<\/span> shall constitute a quorum. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPLAN ESTABLISHED; MONEYS; GOVERNING BOARD (\u00a7 23.1-701)\n\nA. To enhance the accessibility and affordability of higher education for all\ncitizens of the Commonwealth, and assist families and individuals to save for\nqualified disability expenses, the Commonwealth Savers Plan is established as a\nbody politic and corporate and an independent agency of the Commonwealth.\n\nB. Moneys of the Plan that are contributions to savings trust accounts made\npursuant to this chapter, except as otherwise authorized or provided in this\nchapter, shall be deposited as soon as practicable in a separate account or\nseparate accounts in banks or trust companies organized under the laws of the\nCommonwealth, national banking associations, federal home loan banks, or, to the\nextent permitted by law, savings institutions organized under the laws of the\nCommonwealth or the United States. The savings program moneys in such accounts\nshall be paid out on checks, drafts payable on demand, electronic wire\ntransfers, or other means authorized by officers or employees of the Plan.\n\nC. All other moneys of the Plan, including payments received pursuant to prepaid\ntuition contracts, bequests, endowments, grants from the United States\ngovernment or its agencies or instrumentalities, and any other available public\nor private sources of funds shall be first deposited in the state treasury in a\nspecial nonreverting fund (the Fund). Such moneys shall then be deposited as\nsoon as practicable in a separate account or separate accounts in banks or trust\ncompanies organized under the laws of the Commonwealth, national banking\nassociations, federal home loan banks, or, to the extent permitted by law,\nsavings institutions organized under the laws of the Commonwealth or the United\nStates. Benefits relating to prepaid tuition contracts and Plan operating\nexpenses shall be paid from the Fund. Any moneys remaining in the Fund at the\nend of a biennium shall not revert to the general fund but shall remain in the\nFund. Interest and income earned from the investment of such funds shall remain\nin the Fund and be credited to it.\n\nD. The Plan may maintain an independent disbursement system for the disbursement\nof prepaid tuition contract benefits and, in connection with such system, open\nand maintain a separate account or separate accounts in banks or trust companies\norganized under the laws of the Commonwealth, national banking associations,\nfederal home loan banks, or, to the extent permitted by law, savings\ninstitutions organized under the laws of the Commonwealth or the United States.\nSuch independent disbursement system and any related procedures shall be subject\nto review and approval by the State Comptroller. Nothing in this subsection\nshall be construed to relieve the Plan of its duty to provide prepaid tuition\ncontract benefit transactions to the Commonwealth’s system of general\naccounting maintained by the State Comptroller pursuant to § 2.2-802.\n\nE. The Plan shall be administered by an 11-member board that consists of (i) the\nExecutive Director of the Council or his designee, the Chancellor of the\nVirginia Community College System or his designee, the State Treasurer or his\ndesignee, and the State Comptroller or his designee, all of whom shall serve ex\nofficio with voting privileges, and (ii) seven nonlegislative citizen members,\nfour of whom shall be appointed by the Governor, one of whom shall be appointed\nby the Senate Committee on Rules, two of whom shall be appointed by the Speaker\nof the House of Delegates, and all of whom shall have significant experience in\nfinance, accounting, law, investment management, higher education, or disability\nadvocacy. In addition, at least one of the nonlegislative citizen members shall\nhave expertise in the management and administration of private defined\ncontribution retirement plans.\n\nF. Members appointed to the board shall serve terms of four years. Vacancies\noccurring other than by expiration of a term shall be filled for the unexpired\nterm. No member appointed to the board shall serve more than two consecutive\nfour-year terms; however, a member appointed to serve an unexpired term is\neligible to serve two consecutive four-year terms immediately succeeding such\nunexpired term.\n\nG. Ex officio members of the board shall serve terms coincident with their terms\nof office.\n\nH. Members of the board shall receive no compensation but shall be reimbursed\nfor actual expenses incurred in the performance of their duties.\n\nI. The board shall elect from its membership a chairman and a vice-chairman\nannually.\n\nJ. A majority of the members of the board shall constitute a quorum.\n\nHISTORY: 1994, c. 661, \u00a7 23-38.76; 1997, cc. 785, 861; 1999, cc. 485, 518;\n2000, cc. 382, 400; 2009, cc. 827, 845; 2013, cc. 586, 649; 2014, cc. 23, 687;\n2015, cc. 227, 311; 2016, c. 588; 2019, cc. 803, 804; 2021, Sp. Sess. I, c. 556;\n2024, c. 217; 2025, c. 144.","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}}