{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/62.1-201.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/62.1-201.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/62.1-201.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/62.1-201.html"}],"law_id":54824,"edition_id":1,"section_id":54824,"structure_id":13206,"section_number":"62.1-201","catch_line":"Board of Directors","history":"1984, c. 699; 1989, cc. 533, 551; 1992, c. 887; 2000, cc. 38, 197; 2012, cc. 114, 242.","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 a board of directors consisting of the State Treasurer or his designee, the State Health Commissioner or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and seven members appointed by the Governor, subject to confirmation by the General Assembly. The members of the Board of Directors appointed by the Governor shall serve terms of four years each, except that the original terms of three members appointed by the Governor shall end on June 30, 1985, 1986, and 1987, respectively, as designated by the Governor. Any appointment to fill a vacancy on the Board of Directors shall be made for the unexpired term of the member whose death, resignation or removal created the vacancy. All members of the Board of Directors shall be residents of the Commonwealth. Members may be appointed to successive terms on the Board of Directors. Each member of the Board of Directors shall be reimbursed for his or her reasonable expenses incurred in attendance at meetings or when otherwise engaged in the business of the Authority and shall be compensated at the rate provided in &#xA7; 2.2-2813 for each day or portion thereof in which the member is engaged in the business of the Authority.B\n\nThe Governor shall designate one member of the Board of Directors as chairman; he shall be the chief executive officer of the Authority. The Board of Directors may elect one member as vice-chairman; he shall exercise the powers of chairman in the absence of the chairman or as directed by the chairman. The State Treasurer or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and the State Health Commissioner or his designee shall not be eligible to serve as chairman or vice-chairman.C\n\nMeetings of the Board of Directors shall be held at the call of the chairman or of any five members. Six members of the Board of Directors shall constitute a quorum for the transaction of the business of the Authority. An act of the majority of the members of the Board of Directors present at any regular or special meeting at which a quorum is present shall be an act of the Board of Directors. No vacancy on the Board of Directors shall impair the right of a majority of a quorum of the members of the Board of Directors to exercise all the rights and perform all the duties of the Authority.D\n\nNotwithstanding the provisions of any other law, no officer or employee of the Commonwealth shall be deemed to have forfeited or shall have forfeited his or her office or employment by reason of acceptance of membership on the Board of Directors or by providing service to the Authority.","order_by":null,"text":{"0":{"id":201164,"text":"All powers, rights and duties conferred by this chapter or other provisions of law upon the Authority shall be exercised by a board of directors consisting of the State Treasurer or his designee, the State Health Commissioner or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and seven members appointed by the Governor, subject to confirmation by the General Assembly. The members of the Board of Directors appointed by the Governor shall serve terms of four years each, except that the original terms of three members appointed by the Governor shall end on June 30, 1985, 1986, and 1987, respectively, as designated by the Governor. Any appointment to fill a vacancy on the Board of Directors shall be made for the unexpired term of the member whose death, resignation or removal created the vacancy. All members of the Board of Directors shall be residents of the Commonwealth. Members may be appointed to successive terms on the Board of Directors. Each member of the Board of Directors shall be reimbursed for his or her reasonable expenses incurred in attendance at meetings or when otherwise engaged in the business of the Authority and shall be compensated at the rate provided in &#xA7; 2.2-2813 for each day or portion thereof in which the member is engaged in the business of the Authority.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":201165,"text":"The Governor shall designate one member of the Board of Directors as chairman; he shall be the chief executive officer of the Authority. The Board of Directors may elect one member as vice-chairman; he shall exercise the powers of chairman in the absence of the chairman or as directed by the chairman. The State Treasurer or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and the State Health Commissioner or his designee shall not be eligible to serve as chairman or vice-chairman.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":201166,"text":"Meetings of the Board of Directors shall be held at the call of the chairman or of any five members. Six members of the Board of Directors shall constitute a quorum for the transaction of the business of the Authority. An act of the majority of the members of the Board of Directors present at any regular or special meeting at which a quorum is present shall be an act of the Board of Directors. No vacancy on the Board of Directors shall impair the right of a majority of a quorum of the members of the Board of Directors to exercise all the rights and perform all the duties of the Authority.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":201167,"text":"Notwithstanding the provisions of any other law, no officer or employee of the Commonwealth shall be deemed to have forfeited or shall have forfeited his or her office or employment by reason of acceptance of membership on the Board of Directors or by providing service to the Authority.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13206,"edition_id":1,"name":"Virginia Resources Authority","identifier":"21","label":"chapter","depth":2,"order_by":1,"parent_id":12909,"metadata":{},"date_created":"2026-06-26 03:44:26","date_modified":"2026-06-26 03:44:26","permalink":{"id":268673,"object_type":"structure","relational_id":13206,"identifier":"21","token":"62.1\/21","url":"\/62.1\/21\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12909,"edition_id":1,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:00","date_modified":"2026-06-26 03:44:00","permalink":{"id":268199,"object_type":"structure","relational_id":12909,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85141,"structure_id":13206,"section_number":"62.1-197","catch_line":"Short title","url":"\/62.1-197\/","token":"62.1\/21\/62.1-197","metadata":false},{"id":64219,"structure_id":13206,"section_number":"62.1-198","catch_line":"Legislative findings and purposes","url":"\/62.1-198\/","token":"62.1\/21\/62.1-198","metadata":false},{"id":80022,"structure_id":13206,"section_number":"62.1-199","catch_line":"Definitions","url":"\/62.1-199\/","token":"62.1\/21\/62.1-199","metadata":false},{"id":75414,"structure_id":13206,"section_number":"62.1-200","catch_line":"Creation of Authority","url":"\/62.1-200\/","token":"62.1\/21\/62.1-200","metadata":false},{"id":54824,"structure_id":13206,"section_number":"62.1-201","catch_line":"Board of Directors","url":"\/62.1-201\/","token":"62.1\/21\/62.1-201","metadata":false},{"id":73267,"structure_id":13206,"section_number":"62.1-202","catch_line":"Appointment and duties of Executive Director","url":"\/62.1-202\/","token":"62.1\/21\/62.1-202","metadata":false},{"id":85528,"structure_id":13206,"section_number":"62.1-203","catch_line":"Powers of Authority","url":"\/62.1-203\/","token":"62.1\/21\/62.1-203","metadata":false},{"id":66055,"structure_id":13206,"section_number":"62.1-204","catch_line":"Power to borrow money and issue bonds and credit enhancements","url":"\/62.1-204\/","token":"62.1\/21\/62.1-204","metadata":false},{"id":74781,"structure_id":13206,"section_number":"62.1-205","catch_line":"Power to issue refunding bonds","url":"\/62.1-205\/","token":"62.1\/21\/62.1-205","metadata":false},{"id":71517,"structure_id":13206,"section_number":"62.1-206","catch_line":"Sources of payment and security for bonds and credit enhancements","url":"\/62.1-206\/","token":"62.1\/21\/62.1-206","metadata":false},{"id":69549,"structure_id":13206,"section_number":"62.1-207","catch_line":"Liability of Commonwealth, political subdivisions and members of board of directors","url":"\/62.1-207\/","token":"62.1\/21\/62.1-207","metadata":false},{"id":72376,"structure_id":13206,"section_number":"62.1-208","catch_line":"Authorization, content and sale of bonds and credit enhancements","url":"\/62.1-208\/","token":"62.1\/21\/62.1-208","metadata":false},{"id":58282,"structure_id":13206,"section_number":"62.1-209","catch_line":"Provisions of resolution or trust indenture authorizing issuance of bonds","url":"\/62.1-209\/","token":"62.1\/21\/62.1-209","metadata":false},{"id":69114,"structure_id":13206,"section_number":"62.1-210","catch_line":"Pledge by Authority","url":"\/62.1-210\/","token":"62.1\/21\/62.1-210","metadata":false},{"id":75603,"structure_id":13206,"section_number":"62.1-211","catch_line":"Purchase of bonds by Authority","url":"\/62.1-211\/","token":"62.1\/21\/62.1-211","metadata":false},{"id":83833,"structure_id":13206,"section_number":"62.1-212","catch_line":"Bonds as negotiable instruments","url":"\/62.1-212\/","token":"62.1\/21\/62.1-212","metadata":false},{"id":57674,"structure_id":13206,"section_number":"62.1-213","catch_line":"Validity of signatures of prior members or officers","url":"\/62.1-213\/","token":"62.1\/21\/62.1-213","metadata":false},{"id":64195,"structure_id":13206,"section_number":"62.1-214","catch_line":"Bondholder protection","url":"\/62.1-214\/","token":"62.1\/21\/62.1-214","metadata":false},{"id":72224,"structure_id":13206,"section_number":"62.1-215","catch_line":"Establishment of capital reserve funds","url":"\/62.1-215\/","token":"62.1\/21\/62.1-215","metadata":false},{"id":78168,"structure_id":13206,"section_number":"62.1-216","catch_line":"Purchase and credit enhancements of local obligations","url":"\/62.1-216\/","token":"62.1\/21\/62.1-216","metadata":false},{"id":72905,"structure_id":13206,"section_number":"62.1-216.1","catch_line":"Investigation by Governor of nonpayments; withholding state funds from nonpaying locality; payment of funds withheld; receipts, reports, etc","url":"\/62.1-216.1\/","token":"62.1\/21\/62.1-216.1","metadata":false},{"id":71594,"structure_id":13206,"section_number":"62.1-217","catch_line":"Grants from Commonwealth","url":"\/62.1-217\/","token":"62.1\/21\/62.1-217","metadata":false},{"id":61493,"structure_id":13206,"section_number":"62.1-218","catch_line":"Grants to local governments","url":"\/62.1-218\/","token":"62.1\/21\/62.1-218","metadata":false},{"id":70080,"structure_id":13206,"section_number":"62.1-219","catch_line":"Exemption from taxation","url":"\/62.1-219\/","token":"62.1\/21\/62.1-219","metadata":false},{"id":63260,"structure_id":13206,"section_number":"62.1-220","catch_line":"Bonds as legal investments and securities","url":"\/62.1-220\/","token":"62.1\/21\/62.1-220","metadata":false},{"id":54215,"structure_id":13206,"section_number":"62.1-221","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/62.1-221\/","token":"62.1\/21\/62.1-221","metadata":false},{"id":84057,"structure_id":13206,"section_number":"62.1-222","catch_line":"Annual reports; audit","url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","metadata":false},{"id":74970,"structure_id":13206,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","metadata":false}],"previous_section":{"id":75414,"structure_id":13206,"section_number":"62.1-200","catch_line":"Creation of Authority","url":"\/62.1-200\/","token":"62.1\/21\/62.1-200","metadata":false},"next_section":{"id":73267,"structure_id":13206,"section_number":"62.1-202","catch_line":"Appointment and duties of Executive Director","url":"\/62.1-202\/","token":"62.1\/21\/62.1-202","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-201\/","history_text":"<p>This law was first created in 1984. The record of its establishment is cataloged in chapter 699 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. Unfortunately, the 1984 \u201cActs\u201d aren\u2019t available online. It has been modified 4 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 1989, chapters 533 and 551; in 1992, chapter 887; in 2000, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?001+ful+CHAP0038\">38<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?001+ful+CHAP0197\">197<\/a>; in 2012, chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0114\">114<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0242\">242<\/a>.<\/p>","references":false,"refers_to":[{"id":71377,"section_number":"2.2-2813","catch_line":"Definitions; compensation and expense payments from state funds for service on collegial bodies","order_by":null,"url":"\/2.2-2813\/"}],"permalink":{"id":268691,"object_type":"law","relational_id":54824,"identifier":"62.1-201","token":"62.1\/21\/62.1-201","url":"\/62.1-201\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/62.1-201\/","token":"62.1\/21\/62.1-201","dublin_core":{"Title":"Board of Directors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-201","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> All powers, rights and duties conferred by this chapter or other provisions of <span class=\"dictionary\">law<\/span> upon the <span class=\"dictionary\">Authority<\/span> shall be exercised by a <span class=\"dictionary\">board of directors<\/span> consisting of the State Treasurer or his designee, the State Health Commissioner or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and seven members appointed by the Governor, subject to confirmation by the General Assembly. The members of the <span class=\"dictionary\">Board of Directors<\/span> appointed by the Governor shall serve terms of four years each, except that the original terms of three members appointed by the Governor shall end on June 30, 1985, 1986, and 1987, respectively, as designated by the Governor. Any appointment to fill a vacancy on the <span class=\"dictionary\">Board of Directors<\/span> shall be made for the unexpired term of the member whose death, resignation or removal created the vacancy. All members of the <span class=\"dictionary\">Board of Directors<\/span> shall be residents of the Commonwealth. Members may be appointed to successive terms on the <span class=\"dictionary\">Board of Directors<\/span>. Each member of the <span class=\"dictionary\">Board of Directors<\/span> shall be reimbursed for his or her reasonable expenses incurred in attendance at meetings or when otherwise engaged in the business of the <span class=\"dictionary\">Authority<\/span> and shall be compensated at the rate provided in &#xA7; <a class=\"law\" title=\"Definitions; compensation and expense payments from state funds for service on collegial bodies\" href=\"\/2.2-2813\/\">2.2-2813<\/a> for each day or portion thereof in which the member is engaged in the business of the <span class=\"dictionary\">Authority<\/span>. <a id=\"paragraph-201164\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/62.1-201\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> The Governor shall designate one member of the <span class=\"dictionary\">Board of Directors<\/span> as chairman; he shall be the chief executive officer of the <span class=\"dictionary\">Authority<\/span>. The <span class=\"dictionary\">Board of Directors<\/span> may elect one member as vice-chairman; he shall exercise the powers of chairman in the absence of the chairman or as directed by the chairman. The State Treasurer or his designee, the Director of the Department of Environmental Quality or his designee, the Director of the Department of Aviation or his designee, and the State Health Commissioner or his designee shall not be eligible to serve as chairman or vice-chairman. <a id=\"paragraph-201165\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/62.1-201\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> Meetings of the <span class=\"dictionary\">Board of Directors<\/span> shall be held at the call of the chairman or of any five members. Six members of the <span class=\"dictionary\">Board of Directors<\/span> shall constitute a quorum for the transaction of the business of the <span class=\"dictionary\">Authority<\/span>. An act of the majority of the members of the <span class=\"dictionary\">Board of Directors<\/span> present at any regular or special meeting at which a quorum is present shall be an act of the <span class=\"dictionary\">Board of Directors<\/span>. No vacancy on the <span class=\"dictionary\">Board of Directors<\/span> shall impair the right of a majority of a quorum of the members of the <span class=\"dictionary\">Board of Directors<\/span> to exercise all the rights and perform all the duties of the <span class=\"dictionary\">Authority<\/span>. <a id=\"paragraph-201166\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/62.1-201\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> Notwithstanding the provisions of any other <span class=\"dictionary\">law<\/span>, no officer or employee of the Commonwealth shall be deemed to have forfeited or shall have forfeited his or her office or employment by reason of acceptance of membership on the <span class=\"dictionary\">Board of Directors<\/span> or by providing service to the <span class=\"dictionary\">Authority<\/span>. <a id=\"paragraph-201167\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/62.1-201\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBOARD OF DIRECTORS (\u00a7 62.1-201)\n\nA. All powers, rights and duties conferred by this chapter or other provisions\nof law upon the Authority shall be exercised by a board of directors consisting\nof the State Treasurer or his designee, the State Health Commissioner or his\ndesignee, the Director of the Department of Environmental Quality or his\ndesignee, the Director of the Department of Aviation or his designee, and seven\nmembers appointed by the Governor, subject to confirmation by the General\nAssembly. The members of the Board of Directors appointed by the Governor shall\nserve terms of four years each, except that the original terms of three members\nappointed by the Governor shall end on June 30, 1985, 1986, and 1987,\nrespectively, as designated by the Governor. Any appointment to fill a vacancy\non the Board of Directors shall be made for the unexpired term of the member\nwhose death, resignation or removal created the vacancy. All members of the\nBoard of Directors shall be residents of the Commonwealth. Members may be\nappointed to successive terms on the Board of Directors. Each member of the\nBoard of Directors shall be reimbursed for his or her reasonable expenses\nincurred in attendance at meetings or when otherwise engaged in the business of\nthe Authority and shall be compensated at the rate provided in &#xA7; 2.2-2813\nfor each day or portion thereof in which the member is engaged in the business\nof the Authority.\n\nB. The Governor shall designate one member of the Board of Directors as\nchairman; he shall be the chief executive officer of the Authority. The Board of\nDirectors may elect one member as vice-chairman; he shall exercise the powers of\nchairman in the absence of the chairman or as directed by the chairman. The\nState Treasurer or his designee, the Director of the Department of Environmental\nQuality or his designee, the Director of the Department of Aviation or his\ndesignee, and the State Health Commissioner or his designee shall not be\neligible to serve as chairman or vice-chairman.\n\nC. Meetings of the Board of Directors shall be held at the call of the chairman\nor of any five members. Six members of the Board of Directors shall constitute a\nquorum for the transaction of the business of the Authority. An act of the\nmajority of the members of the Board of Directors present at any regular or\nspecial meeting at which a quorum is present shall be an act of the Board of\nDirectors. No vacancy on the Board of Directors shall impair the right of a\nmajority of a quorum of the members of the Board of Directors to exercise all\nthe rights and perform all the duties of the Authority.\n\nD. Notwithstanding the provisions of any other law, no officer or employee of\nthe Commonwealth shall be deemed to have forfeited or shall have forfeited his\nor her office or employment by reason of acceptance of membership on the Board\nof Directors or by providing service to the Authority.\n\nHISTORY: 1984, c. 699; 1989, cc. 533, 551; 1992, c. 887; 2000, cc. 38, 197;\n2012, cc. 114, 242.","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}}