                                 CODE OF VIRGINIA

BOARD OF COMMISSIONERS; MEMBERSHIP; TERMS; COMPENSATION AND EXPENSES; CHAIRMAN
AND VICE-CHAIRMAN; QUORUM; EMPLOYEES, AGENTS, ETC (§ 22.1-164)

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.
		The 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.
		The Board of Commissioners may employ or retain such employees, agents,
financial advisers and attorneys as it may deem necessary and fix their
compensation.

HISTORY: Code 1950, § 22-29.4; 1962, c. 194; 1972, c. 745; 1976, c. 22; 1980,
cc. 559, 728; 2011, cc. 691, 714.