14100393D Be it enacted by the General Assembly of Virginia: 1. That the Code of Virginia is amended by adding in Chapter 24 of Title 2.2 an article numbered 24, consisting of sections numbered 2.2-2470 and 2.2-2471, as follows: §2.2-2470. Virginia - Korea Advisory Board; purpose; membership; terms; compensation and expenses; staff; chairman's executive summary. A. The Virginia - Korea Advisory Board (the Board) is established as an advisory board, within the meaning of §2.2-2100, in the executive branch of state government. The purpose of the Board shall be to advise the Governor on ways to improve mutually beneficial trade relationships between the Commonwealth and the Republic of Korea (South Korea), with a focus on the areas of commerce and trade, art and education, and general government. B. The Board shall consist of nine members that include eight citizen members and one ex officio member as follows: two citizen members appointed by the Speaker of the House of Delegates, who may be members of the House of Delegates or other state or local elected officials; two citizen members appointed by the Senate Committee on Rules, who may be members of the Senate or other state or local elected officials; four members appointed by the Governor; and the Secretary of Commerce and Trade, or his designee, who shall serve as ex officio voting members of the Board. C. Nonlegislative citizen members appointed by the Governor shall serve for terms of four years and nonlegislative citizen members appointed by the Senate Committee on Rules and the Speaker of the House of Delegates shall serve for terms of two years. Legislative members and the Secretary of Commerce and Trade, or his designee, shall serve terms coincident with their terms of office. Vacancies occurring other than by expiration of a term shall be filled for the unexpired term. Vacancies shall be filled in the same manner as the original appointments. Any member may be reappointed for successive terms. D. The members of the Board shall elect a chairman and vice-chairman annually from among its membership. The Board shall meet at such times as it deems appropriate or on call of the chairman. A majority of the members of the Board shall constitute a quorum. E. Members shall receive no compensation for their services. However, all members shall be reimbursed for all reasonable and necessary expenses incurred in the performance of their duties as provided in §§2.2-2813 and 2.2-2825. Funding for the costs of expenses of the members shall be provided by the Office of the Governor. F. The Office of the Governor shall serve as staff to the Board. G. The chairman of the Board shall submit to the Governor and the General Assembly an annual executive summary of the interim activity and work of the Board no later than the first day of each regular session of the General Assembly. The executive summary shall be submitted as provided in the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports and shall be posted on the General Assembly's website. §2.2-2471. Powers and duties of the Board. The Board shall have the power and duty to: 1. Undertake studies and gather information and data in order to accomplish its purpose as set forth in §2.2-2470 and formulate and present its recommendations to the Governor and the General Assembly. 2. Apply for, accept, and expend gifts, grants, or donations from public, quasi-public, or private sources, including any matching funds as may be designated in the appropriation act, to enable it to better carry out its purpose. 3. Report annually its findings and recommendations to the Governor. The Board may make interim reports to the Governor as it deems advisable. 4. Account annually on its fiscal activities, including any matching funds received or expended by the Board. |