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§ 2.2-2715.1. Executive Director

A. The Board may hire an Executive Director of the Foundation, who shall serve at the pleasure of the Board, to direct the day-to-day operations and activities of the Foundation and carry out the powers and duties conferred upon him by the trustees. The Executive Director shall also exercise and perform such other powers and […]

§ 2.2-2716. Authority of board of trustees

The board of trustees has the authority to: 1. Administer the Veterans Services Fund, request appropriations, and make allocations of revenue from the Fund to the Department of Veterans Services to provide supplemental funding for the Department’s services and programs; 2. Accept, hold, and administer gifts and bequests of money, securities, or other property, absolutely […]

§ 2.2-2717. Form of accounts and records; audit

The accounts and records of the Foundation showing the receipt and disbursement of funds from whatever source derived shall be established by the Auditor of Public Accounts in a manner similar to other organizations. The Auditor of Public Accounts or his legally authorized representative shall audit the accounts of the Foundation as determined necessary by […]

§ 2.2-2713. Powers and duties of the Committee

The Committee shall have the power and duty to: 1. Annually review the size and condition of the Commonwealth’s tax-supported debt and submit to the Governor and to the General Assembly an estimate of the maximum amount of new tax-supported debt that prudently may be authorized for the next biennium. The estimate shall be advisory […]