Code of Virginia
Chapter 21 - Virginia Resources Authority
§ 62.1-202. Appointment and duties of Executive Director

The Governor shall appoint an Executive Director of the Authority, who shall report to, but not be a member of, the Board of Directors. The Executive Director shall serve as the ex officio secretary of the Board of Directors and shall administer, manage and direct the affairs and activities of the Authority in accordance with the policies and under the control and direction of the Board of Directors. He shall attend meetings of the Board of Directors, shall keep a record of the proceedings of the Board of Directors and shall maintain and be custodian of all books, documents and papers of the Authority, the minute book of the Authority and its official seal. He may cause copies to be made of all minutes and other records and documents of the Authority and may give certificates under seal of the Authority to the effect that the copies are true copies, and all persons dealing with the Authority may rely upon the certificates. He shall also perform other duties as instructed by the Board of Directors in carrying out the purposes of this chapter. He shall execute a surety bond in a penalty sum determined by the Board of Directors. The surety bond shall be executed by a surety company authorized to transact business in the Commonwealth and shall be conditioned upon the faithful performance of the duties of the office.
1984, c. 699; 1994, c. 684.

Structure Code of Virginia

Code of Virginia

Title 62.1 - Waters of the State, Ports and Harbors

Chapter 21 - Virginia Resources Authority

§ 62.1-197. Short title

§ 62.1-198. Legislative findings and purposes

§ 62.1-199. Definitions

§ 62.1-200. Creation of Authority

§ 62.1-201. Board of Directors

§ 62.1-202. Appointment and duties of Executive Director

§ 62.1-203. Powers of Authority

§ 62.1-204. Power to borrow money and issue bonds and credit enhancements

§ 62.1-205. Power to issue refunding bonds

§ 62.1-206. Sources of payment and security for bonds and credit enhancements

§ 62.1-207. Liability of Commonwealth, political subdivisions and members of board of directors

§ 62.1-208. Authorization, content and sale of bonds and credit enhancements

§ 62.1-209. Provisions of resolution or trust indenture authorizing issuance of bonds

§ 62.1-210. Pledge by Authority

§ 62.1-211. Purchase of bonds by Authority

§ 62.1-212. Bonds as negotiable instruments

§ 62.1-213. Validity of signatures of prior members or officers

§ 62.1-214. Bondholder protection

§ 62.1-215. Establishment of capital reserve funds

§ 62.1-216. Purchase and credit enhancements of local obligations

§ 62.1-216.1. Investigation by Governor of nonpayments; withholding state funds from nonpaying locality; payment of funds withheld; receipts, reports, etc.

§ 62.1-217. Grants from Commonwealth

§ 62.1-218. Grants to local governments

§ 62.1-219. Exemption from taxation

§ 62.1-220. Bonds as legal investments and securities

§ 62.1-221. Deposit of money; expenditures; security for deposits

§ 62.1-222. Annual reports; audit

§ 62.1-223. Liberal construction of chapter