Assistive Technology Loan Fund Authority; Board of Directors to appoint executive director. (HB849)

Introduced By

Del. Dave Albo (R-Springfield) with support from co-patrons Del. Terry Kilgore (R-Gate City), Del. Ken Melvin (D-Portsmouth), Sen. Tommy Norment (R-Williamsburg), and Sen. Ken Stolle (R-Virginia Beach)

Description

Assistive Technology Loan Fund Authority. Provides that the Authority is under the Secretary of Health and Human Resources and specifies that the Board of Directors of the Authority is responsible for appointing an executive director who is subordinate to the Board and for ensuring that the executive director complies with all statutory, regulatory and Board directives. The bill also provides that the Board's annual report shall include a complete operating and financial statement covering any loan fund or loan guarantee that the Authority administers or manages and requires the Auditor of Public Accounts to annually audit the Authority and its loan funds. Amends § 2.2-212 (“Position established; agencies for which responsible; additional powers.”), § 51.5-56 (“Powers of the Authority.”), § 51.5-59 (“Annual report; Auditor of Public Accounts to annually audit books and accounts.”), of the Code of Virginia. View Full Text »

Status

03/30/2006: signed by governor
View Bill's History

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