HB1620: Virginia National Defense Industrial Authority; increases membership.
Be it enacted by the General Assembly of Virginia:
1. That § 2.2-2329 of the Code of Virginia is amended and reenacted as follows:
§ 2.2-2329. Board of directors; members and officers; executive director.
A. The Authority shall be governed by a board of directors
consisting of 18 19 nonlegislative members
appointed as follows: four members to be appointed by the Speaker of the House
of Delegates; two members to be appointed by the Senate Committee on Rules; and 12 13 members to be appointed by the Governor as follows: (i)
three persons who are retired General Officers or Department of Defense Senior
Executive Service members representing the United States Armed Forces or the
Department of Defense, (ii) four persons representing civic interests in the
regions of Central Virginia, Southwestern Virginia, Northern Virginia, and
Hampton Roads, (iii) one person representing higher education, (iv) two persons
with experience in commercial real estate and public financing, (v) the
Adjutant General of Virginia, and (vi)
the Secretary of Commerce and Trade, and (vii) an
Assistant to the Governor or other member of the
Governor's Cabinet.
B. With the exception of initial staggered terms and the
appointment of the Adjutant General of Virginia, and the Secretary of Commerce
and Trade, and the Assistant
to the Governor or other member of the Governor's Cabinet, who
shall serve terms coincident with their terms of office, all appointments shall
be for six years. Any appointment to fill a vacancy on the Board shall be made
for the unexpired term of the member whose death, resignation or removal
created the vacancy.
C. The Board shall annually elect one of its members as
chairman and another as vice-chairman. The chairman or, in his absence, the
vice-chairman shall preside at all meetings of the Board. Meetings of the Board
shall be held at the call of the chairman or of any seven members. Nine Ten members shall constitute a quorum for the transaction
of the Authority's business, and no vacancy in the membership shall impair the
right of a quorum to exercise all the rights and perform all the duties of the
Authority.
D. The members of the Board shall be entitled to reimbursement for their reasonable travel, meal, and lodging expenses incurred in attending the meetings of the Board or while otherwise engaged in the discharge of their duties. Such expenses shall be paid out of the treasury of the Authority upon vouchers signed by the chairman of the Board or by such other person designated by the Board for this purpose.
E. The Board may employ an Executive Director of the Authority, who shall serve at the pleasure of the Board, to direct the day-to-day operations and activities of the Authority and carry out the powers and duties conferred upon him by the Board. The Executive Director and employees of the Authority shall be compensated in the manner provided by the Board and shall not be subject to the provisions of the Virginia Personnel Act (§ 2.2-2900 et seq.).