{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/51.5-55.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/51.5-55.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/51.5-55.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/51.5-55.html"}],"law_id":67889,"edition_id":1,"section_id":67889,"structure_id":14701,"section_number":"51.5-55","catch_line":"Membership of Board; terms, compensation, and expenses","history":"1995, c. 812; 1996, c. 930; 2000, cc. 21, 294; 2002, c. 19; 2012, c. 483; 2015, c. 542.","full_text":"A\n\nAll powers, rights and duties conferred by this chapter or other provisions of law upon the Authority shall be exercised by the Board of Directors of the Authority. The Board shall consist of 12 members as follows: the Secretary of Health and Human Resources or his designee; an employee of the Wilson Workforce and Rehabilitation Center; an experienced consumer lender; a certified public accountant; two persons with investment finance experience; and six persons with a range of disabilities. The citizen members shall be appointed by the Governor and confirmed by the General Assembly. The Board shall annually elect a chairman from among its members. Board members shall receive no salaries but shall be reimbursed for all reasonable and necessary expenses incurred by them in the performance of their duties on behalf of the Authority.B\n\nThe 10 citizen members of the Board shall be appointed for four-year terms, except that appointments to fill vacancies shall be made for the unexpired terms. Representatives of state agencies shall serve coincident with the term of the Governor. No member appointed by the Governor shall be eligible to serve more than two complete terms in succession.C\n\nMeetings of the members of the Board shall be held at the call of the chairman or whenever six members so request. The Board may delegate to a loan committee of at least six members the authority to review and approve or deny loan applications based upon information provided to or obtained by the Board, in accordance with criteria established by the Board. In any event, the Board shall meet as necessary to attend to the business of the Authority.","order_by":null,"text":{"0":{"id":245865,"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 Directors of the Authority. The Board shall consist of 12 members as follows: the Secretary of Health and Human Resources or his designee; an employee of the Wilson Workforce and Rehabilitation Center; an experienced consumer lender; a certified public accountant; two persons with investment finance experience; and six persons with a range of disabilities. The citizen members shall be appointed by the Governor and confirmed by the General Assembly. The Board shall annually elect a chairman from among its members. Board members shall receive no salaries but shall be reimbursed for all reasonable and necessary expenses incurred by them in the performance of their duties on behalf of the Authority.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":245866,"text":"The 10 citizen members of the Board shall be appointed for four-year terms, except that appointments to fill vacancies shall be made for the unexpired terms. Representatives of state agencies shall serve coincident with the term of the Governor. No member appointed by the Governor shall be eligible to serve more than two complete terms in succession.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":245867,"text":"Meetings of the members of the Board shall be held at the call of the chairman or whenever six members so request. The Board may delegate to a loan committee of at least six members the authority to review and approve or deny loan applications based upon information provided to or obtained by the Board, in accordance with criteria established by the Board. In any event, the Board shall meet as necessary to attend to the business of the Authority.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14701,"edition_id":1,"name":"Assistive Technology Loan Fund Authority","identifier":"11","label":"chapter","depth":2,"order_by":1,"parent_id":12761,"metadata":{},"date_created":"2026-06-26 03:49:24","date_modified":"2026-06-26 03:49:24","permalink":{"id":236411,"object_type":"structure","relational_id":14701,"identifier":"11","token":"51.5\/11","url":"\/51.5\/11\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12761,"edition_id":1,"name":"Persons With Disabilities","identifier":"51.5","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":236393,"object_type":"structure","relational_id":12761,"identifier":"51.5","token":"51.5","url":"\/51.5\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75283,"structure_id":14701,"section_number":"51.5-53","catch_line":"Definitions","url":"\/51.5-53\/","token":"51.5\/11\/51.5-53","metadata":false},{"id":66289,"structure_id":14701,"section_number":"51.5-54","catch_line":"Declaration of purpose; Assistive Technology Loan Fund Authority established","url":"\/51.5-54\/","token":"51.5\/11\/51.5-54","metadata":false},{"id":67889,"structure_id":14701,"section_number":"51.5-55","catch_line":"Membership of Board; terms, compensation, and expenses","url":"\/51.5-55\/","token":"51.5\/11\/51.5-55","metadata":false},{"id":56342,"structure_id":14701,"section_number":"51.5-56","catch_line":"Powers of the Authority","url":"\/51.5-56\/","token":"51.5\/11\/51.5-56","metadata":false},{"id":86018,"structure_id":14701,"section_number":"51.5-57","catch_line":"Assistive Technology Loan Fund established","url":"\/51.5-57\/","token":"51.5\/11\/51.5-57","metadata":false},{"id":82452,"structure_id":14701,"section_number":"51.5-58","catch_line":"Provision of loans","url":"\/51.5-58\/","token":"51.5\/11\/51.5-58","metadata":false},{"id":74949,"structure_id":14701,"section_number":"51.5-59","catch_line":"Annual report; Auditor of Public Accounts to audit books and accounts","url":"\/51.5-59\/","token":"51.5\/11\/51.5-59","metadata":false}],"previous_section":{"id":66289,"structure_id":14701,"section_number":"51.5-54","catch_line":"Declaration of purpose; Assistive Technology Loan Fund Authority established","url":"\/51.5-54\/","token":"51.5\/11\/51.5-54","metadata":false},"next_section":{"id":56342,"structure_id":14701,"section_number":"51.5-56","catch_line":"Powers of the Authority","url":"\/51.5-56\/","token":"51.5\/11\/51.5-56","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/51.5-55\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapter 812<\/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 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 1996, chapter 930<\/a>; in 2000, chapters 21<\/a> and 294<\/a>; in 2002, chapter 19<\/a>; in 2012, chapter 483<\/a>; in 2015, chapter 542<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":236421,"object_type":"law","relational_id":67889,"identifier":"51.5-55","token":"51.5\/11\/51.5-55","url":"\/51.5-55\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/51.5-55\/","token":"51.5\/11\/51.5-55","dublin_core":{"Title":"Membership of Board; terms, compensation, and expenses","Type":"Text","Format":"text\/html","Identifier":"\u00a7 51.5-55","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 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<\/span> of Directors of the Authority<\/span>. The Board<\/span> shall consist of 12 members as follows: the Secretary of Health and Human Resources or his designee; an employee of the Wilson Workforce and Rehabilitation Center; an experienced consumer lender; a certified public accountant; two persons with investment finance experience; and six persons with a range of disabilities. The citizen members shall be appointed by the Governor and confirmed by the General Assembly. The Board<\/span> shall annually elect a chairman from among its members. Board<\/span> members shall receive no salaries but shall be reimbursed for all reasonable and necessary expenses incurred by them in the performance of their duties on behalf of the Authority<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The 10 citizen members of the Board<\/span> shall be appointed for four-year terms, except that appointments to fill vacancies shall be made for the unexpired terms. Representatives of state agencies shall serve coincident with the term of the Governor. No member appointed by the Governor shall be eligible to serve more than two complete terms in succession. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Meetings of the members of the Board<\/span> shall be held at the call of the chairman or whenever six members so request. The Board<\/span> may delegate to a loan committee of at least six members the authority<\/span> to review and approve or deny loan applications based upon information provided to or obtained by the Board<\/span>, in accordance with criteria established by the Board<\/span>. In any event, the Board<\/span> shall meet as necessary to attend to the business of the Authority<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMEMBERSHIP OF BOARD; TERMS, COMPENSATION, AND EXPENSES (\u00a7 51.5-55)\n\nA. All powers, rights and duties conferred by this chapter or other provisions\nof law upon the Authority shall be exercised by the Board of Directors of the\nAuthority. The Board shall consist of 12 members as follows: the Secretary of\nHealth and Human Resources or his designee; an employee of the Wilson Workforce\nand Rehabilitation Center; an experienced consumer lender; a certified public\naccountant; two persons with investment finance experience; and six persons with\na range of disabilities. The citizen members shall be appointed by the Governor\nand confirmed by the General Assembly. The Board shall annually elect a chairman\nfrom among its members. Board members shall receive no salaries but shall be\nreimbursed for all reasonable and necessary expenses incurred by them in the\nperformance of their duties on behalf of the Authority.\n\nB. The 10 citizen members of the Board shall be appointed for four-year terms,\nexcept that appointments to fill vacancies shall be made for the unexpired\nterms. Representatives of state agencies shall serve coincident with the term of\nthe Governor. No member appointed by the Governor shall be eligible to serve\nmore than two complete terms in succession.\n\nC. Meetings of the members of the Board shall be held at the call of the\nchairman or whenever six members so request. The Board may delegate to a loan\ncommittee of at least six members the authority to review and approve or deny\nloan applications based upon information provided to or obtained by the Board,\nin accordance with criteria established by the Board. In any event, the Board\nshall meet as necessary to attend to the business of the Authority.\n\nHISTORY: 1995, c. 812; 1996, c. 930; 2000, cc. 21, 294; 2002, c. 19; 2012, c.\n483; 2015, c. 542.","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}}