                                 CODE OF VIRGINIA

APPOINTMENT, SALARY, AND POWERS OF CHIEF EXECUTIVE OFFICER; APPOINTMENT OF
CONFIDENTIAL ASSISTANT TO THE CHIEF EXECUTIVE OFFICER (§ 4.1-101.02)

A. The Chief Executive Officer of the Authority shall be appointed by the
Governor and confirmed by the affirmative vote of a majority of those voting in
each house of the General Assembly. The Chief Executive Officer shall not be a
member of the Board; shall hold, at a minimum, a baccalaureate degree in
business or a related field of study; and shall possess a minimum of seven years
of demonstrated experience or expertise in the direct management, supervision,
or control of a business or legal affairs. The Chief Executive Officer shall
receive such compensation as determined by the Board and approved by the
Governor, including any performance bonuses or incentives as the Board deems
advisable. The Chief Executive Officer shall be subject to a background check in
accordance with &#xA7; 4.1-101.03. The Chief Executive Officer shall (i) carry
out the powers and duties conferred upon him by the Board or imposed upon him by
law and (ii) meet performance measures or targets set by the Board and approved
by the Governor. The Chief Executive Officer may be removed from office by the
Governor for cause, including the improper use of the Authority&#8217;s police
powers, malfeasance, misfeasance, incompetence, misconduct, neglect of duty,
absenteeism, conflict of interests, failure to meet performance measures or
targets as set by the Board and approved by the Governor, failure to carry out
the policies of the Commonwealth as established in the Constitution or by the
General Assembly, or refusal to carry out a lawful directive of the Governor.

B. The Chief Executive Officer shall devote his full time to the performance of
his official duties and shall not be engaged in any other profession or
occupation.

C. The Chief Executive Officer shall supervise and administer the operations of
the Authority in accordance with this subtitle.

D. The Chief Executive Officer shall:

   1. Serve as the secretary to the Board and keep a true and full record of all
   proceedings of the Authority and preserve at the Authority&#8217;s general
   office all books, documents, and papers of the Authority;

   2. Exercise and perform such powers and duties as may be delegated to him by
   the Board or as may be conferred or imposed upon him by law;

   3. Employ or retain such special agents or employees subordinate to the Chief
   Executive Officer as may be necessary to fulfill the duties of the Authority
   conferred upon the Chief Executive Officer, subject to the Board&#8217;s
   approval; and

   4. Make recommendations to the Board for legislative and regulatory changes.

E. Neither the Chief Executive Officer nor the spouse or any member of the
immediate family of the Chief Executive Officer shall make any contribution to a
candidate for office or officeholder at the local or state level or cause such a
contribution to be made on his behalf.

F. To assist the Chief Executive Officer in the performance of his duties, the
Governor shall also appoint one confidential assistant for administration who
shall be deemed to serve on an employment-at-will basis.

HISTORY: 2015, cc. 38, 730; 2017, cc. 698, 707.