                                 CODE OF VIRGINIA

MEETINGS; DECISIONS OF AUTHORITY; COMPENSATION (§ 15.2-6019)

The board shall meet quarterly, unless a special meeting is called by its
chairman. A majority of the Authority shall constitute a quorum. Decisions of
the Authority shall require a quorum and shall be in accordance with voting
procedures established by the Authority.
		The board shall prescribe, amend, and repeal bylaws and rules governing the
manner in which the business of the Authority is conducted and shall review and
approve an annual budget. The board may appoint an executive director to act as
its chief executive officer, to serve at the will and pleasure of the board. The
board may employ directors and any other personnel considered necessary and may
appoint counsel and legal staff for the Authority and retain such temporary
engineering, financial, and other consultants or technicians as may be required
for any special study or survey consistent with the provisions of this chapter.
The Authority&#8217;s directors shall carry out plans to implement the
provisions of this chapter and to exercise those powers enumerated in the
bylaws. The Authority&#8217;s directors shall prepare annually a budget to be
submitted to the board for its review and approval.
		All costs incidental to the administration of the Authority, including office
expenses, personal services expense, and current expense, shall be paid in
accordance with guidelines issued by the board from funds accruing to the
Authority.
		All expenses incurred in carrying out the provisions of this chapter shall be
payable solely from funds provided under this chapter, and no liability or
obligation may be incurred by the Authority under this chapter beyond the extent
to which moneys have been provided under the authority of this chapter.

HISTORY: 2008, cc. 645, 648; 2025, c. 193.