51.1-1202 - Powers and duties of the Board. - Virginia Statutes

§ 51.1-1202. Powers and duties of the Board.

The Board shall promulgate such rules and policies as are necessary to carryout its responsibilities as required by this chapter. The Board may contractthe administrative services related to the service awards provided for hereinand designate authority for the administration of those service awards basedon the standards set forth in § 51.1-124.30. The Board or its designee shall(i) request such general fund appropriations as necessary to maintain theFund, (ii) make determinations of eligibility for membership in the Fund,(iii) approve applications for service awards to be paid from the Fund, and(iv) exercise all other powers necessary for the administration of thischapter and management of the Fund. Member contributions to the Fund shall besegregated into separate member accounts and be used only to pay serviceawards to its members. The Board shall adopt rules and policies that bringthe Fund into compliance with any applicable law or regulation of thisCommonwealth or the United States.

(1999, cc. 664, 860; 2001, c. 672.)