Code of Virginia - Title 3.1 Agriculture, Horticulture And Food - Chapter 5.2 Rural Virginia Development Foundation

• 3.1-27.37 (Repealed effective October 1, 2008) Short title
  This chapter shall be known and may be cited as the "Rural Virginia Development Foundation Act." (1984, c. 731.) ...
• 3.1-27.38 Description unavailable
  Not set out. (1984, c. 731.) ...
• 3.1-27.39 (Repealed effective October 1, 2008) Definitions
  As used in this chapter: "Board of trustees" means the board of trustees of the Rural Virginia Development Foundation. "Economic development corporation" means an enterprise ...
• 3.1-27.40 (Repealed effective October 1, 2008) Foundation created
  The Rural Virginia Development Foundation is created to be organized and to have the powers set forth in this chapter. (1984, c. 731.) ...
• 3.1-27.41 (Repealed effective October 1, 2008) Creation of the board of trustees; membership
  A. The Rural Virginia Development Foundation shall be governed and administered by a board of trustees consisting of seventeen members. Members of the board shall ...
• 3.1-27.42 (Repealed effective October 1, 2008) Purpose of Foundation; objectives
  The Foundation will have the following objectives: 1. To develop and promote programs of economic growth in rural Virginia that are compatible with its cultural, ...
• 3.1-27.43 (Repealed effective October 1, 2008) Committees
  The board shall appoint standing committees which will constitute the basic structure and provide leadership for the Foundation's principal objectives. (1984, c. 731.) ...
• 3.1-27.44 (Repealed effective October 1, 2008) Meetings, staff, etc
  The Foundation's board shall meet at least twice annually to conduct the duties assigned to it under this chapter. The board shall appoint an Executive ...
• 3.1-27.45 (Repealed effective October 1, 2008) Annual reports
  The Executive Director shall provide annual reports to the Governor summarizing the activities of the Foundation. (1984, c. 731.) ...
• 3.1-27.46 (Repealed effective October 1, 2008) Powers of the Foundation
  To enable it to carry out its functions, the Foundation shall have the following general powers: 1. To sue and be sued in contractual matters ...
• 3.1-27.47 (Repealed effective October 1, 2008) Subsidiary corporations
  Economic development corporations may be incorporated in this Commonwealth pursuant to the provisions of Article 3 (§ 13.1-618 et seq.) of Chapter 9 of Title ...
• 3.1-27.48 (Repealed effective October 1, 2008) Limitations, subsidiary corporations
  A. Any economic development corporation formed pursuant to this chapter shall restrict its equity investments and related business dealings to business firms which will use ...
• 3.1-27.49 (Repealed effective October 1, 2008) Federal Small Business Investment Act; applicability
  Any corporation organized under the provisions of this chapter shall be a state development company, as defined in the Small Business Investment Act of 1958, ...
• 3.1-27.50 (Repealed effective October 1, 2008) Credit of the Commonwealth not pledged
  Under no circumstances is the credit of the Commonwealth pledged herein. (1984, c. 731.) ...

Last modified: April 2, 2009