Code of Virginia - Title 23 Educational Institutions - Chapter 6.2 Virginia Commonwealth University Health System Authority

23-50.16:1 Short title
This chapter shall be known and may be cited as the "Virginia Commonwealth University Health System Authority Act." (1996, cc. 905, 1046; 2000, c. 720.) ...
23-50.16:2 Findings and declaration of necessity
The General Assembly finds that: 1. Provision of health care, including indigent care, is an essential governmental function protecting and promoting the health and welfare ...
23-50.16:3 Authority created; purposes
A. There is hereby created as a public body corporate and as a political subdivision of the Commonwealth, the Virginia Commonwealth University Health System Authority, ...
23-50.16:4 Definitions
As used in this chapter, the following terms have the following meanings, unless the context requires otherwise: "Authority" means the Virginia Commonwealth University Health System ...
23-50.16:5 Board of Directors; appointment; officers; employees
A. The Authority shall be governed by a Board of Directors consisting of 21 members as follows: six nonlegislative citizen members, including two physician-faculty members, ...
23-50.16:6 Powers generally
The Authority shall have all the powers necessary or convenient to carry out the purposes and provisions of this chapter, including, without limitation, the following ...
23-50.16:7 Appointment, salary and powers of the Chief Executive Officer
A. The Authority shall be under the immediate supervision and direction of a Chief Executive Officer, subject to the policies and direction established by the ...
23-50.16:8 Audit
The accounts of the Authority shall be audited annually by the Auditor of Public Accounts, or his legally authorized representatives, or by a certified public ...
23-50.16:9 Operation of projects
A. The Authority may acquire, plan, design, construct, own, rent as landlord or tenant, operate, control, remove, renovate, enlarge, equip, and maintain, directly or through ...
23-50.16:10 Police power
A. The Authority is empowered to adopt and enforce reasonable rules and regulations governing access to, conduct in or on, and use of its property ...
23-50.16:11 Acquisition and disposition of property; acceptance of grants and loans
A. Except as to those hospital facilities or any parts thereof that are leased to the Authority by the University, the control and disposition of ...
23-50.16:12 Eminent domain
The Authority may exercise the power of eminent domain pursuant to the provisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1 to acquire ...
23-50.16:13 Fees, rentals and other charges
The Authority may fix, revise from time to time, charge and collect rates, rentals, fees and other charges for the services or facilities furnished by ...
23-50.16:14 Creation of entities; participation in joint ventures; provision of assistance by Authority; moneys...
A. Consistent with § 23-50.16:15, the Authority may create or assist in the creation of; may own in whole or in part or otherwise control; ...
23-50.16:15 Public purpose
The exercise of the powers granted by this chapter shall be in all respects for the benefit of the inhabitants of the Commonwealth and for ...
23-50.16:16 Exemption from taxation
As set forth in § 23-50.16:3, the Authority will be performing essential governmental functions in the exercise of the powers conferred upon it by this ...
23-50.16:17 Assistance by the University; transfer of existing facilities
A. The University is hereby authorized to lease, convey or otherwise transfer to the Authority any or all assets and liabilities appearing on the balance ...
23-50.16:18 Capital projects
A. All capital projects shall be approved by the Board. Within thirty days after approval of any capital project in excess of $5 million, the ...
23-50.16:19 Leases of property
The Authority shall be exempt from the provisions of § 2.2-1149 and from any rules, regulations and guidelines of the Division of Engineering and Buildings ...
23-50.16:20 Operation of hospital facilities
The Authority shall not operate any of the hospital facilities prior to execution of the lease or leases and agreement or agreements required by § ...
23-50.16:21 Assignment of agreements
The University may assign, and the Authority may accept the rights and assume the obligations under, any contracts or other agreements of any type relating ...
23-50.16:22 Licenses and permits
The transfer of the hospital facilities from the University to the Authority shall not require a certificate of public need pursuant to Article 1.1 (§ ...
23-50.16:23 Agent for University
If for any reason the Authority cannot replace the University as a party to any agreement in connection with the financing, ownership or operation of ...
23-50.16:24 Employees of the Authority
A. Until July 1, 2001, employees of the Authority shall be considered employees of the Commonwealth. Employees of the Authority shall be employed on such ...
23-50.16:24.1 Retirement benefits for employees of the Authority
A. The Authority may establish one or more retirement plans covering in whole or in part its employees, including employees who, prior to the effective ...
23-50.16:24.2 Insurance for employees of the Authority
The Authority shall purchase group life, accidental death and dismemberment, and disability insurance policies covering in whole or in part its employees. Authority employees shall ...
23-50.16:25 Power to issue bonds
The Authority may issue bonds from time to time for any of its purposes, including financing or refinancing all or any part of its programs ...
23-50.16:26 Liability on bonds
No member of the Board of Directors or officer, employee or agent of the Authority or any person executing bonds of the Authority shall be ...
23-50.16:27 Form of bonds
Bonds of the Authority shall be authorized by resolution setting forth the maximum principal amount issuable and may be issued in one or more series, ...
23-50.16:28 Trust indentures and mortgages; security for the bonds
Any bond issued under this chapter may be issued pursuant to or secured by a trust indenture, deed of trust or mortgage of any project ...
23-50.16:29 Remedies of obligees of Authority
Except to the extent that the rights herein given may be restricted by such trust indenture or trust or other agreement, any holder of bonds ...
23-50.16:30 Bonds to be legal investments
Bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the ...
23-50.16:31 Existing bonds
The Authority may assume, or may agree to make payments in amounts sufficient for the University to pay, some or all of the hospital obligations ...
23-50.16:32 Confidential and public information
A. The Authority shall be subject to the provisions of the Freedom of Information Act (§ 2.2-3700 et seq.), which shall include the exclusions set ...
23-50.16:33 Chapter liberally construed
This chapter shall constitute full and complete authority, without regard to the provisions of any other law, for the doing of the acts and things ...
23-50.16:34 Exemption of Authority from Personnel Act, Workforce Transition Act, Administrative Process Act, an...
The provisions of Chapter 29 (§ 2.2-2900 et seq.) of Title 2.2, Chapter 32 (§ 2.2-3200 et seq.) of Title 2.2, Chapter 40 (§ 2.2-4000 ...
23-50.16:35 Reversion to University
Upon dissolution of the Authority, all assets of the Authority, after satisfaction of creditors, shall revert to the University. (1996, cc. 905, 1046.) ...

Last modified: April 3, 2009