CODE OF VIRGINIA

(EFFECTIVE OCTOBER 1, 2016) APPROVAL OF A MANAGEMENT AGREEMENT (§ 23.1-1005)

A. If the Governor finds that the public institution of higher education meets
the criteria set forth in § 23.1-1004, he shall authorize the appropriate
Cabinet Secretary to enter into a management agreement with the governing board
of such institution.

B. Each such management agreement shall be submitted no later than the
succeeding November 15 to the House Committee on Appropriations, the House
Committee on Education, the Senate Committee on Finance, and the Senate
Committee on Education and Health. The Governor shall include a recommendation
for approval of the management agreement with the public institution of higher
education in “The Budget Bill” submitted pursuant to subsection A of
§ 2.2-1509 or in his gubernatorial amendments submitted pursuant to subsection
E of § 2.2-1509 due by the December 20 that immediately follows the date of
submission of the management agreement to such Committees.

C. The General Assembly shall consider whether to approve or disapprove the
management agreement as recommended. If the management agreement is approved as
part of the general appropriation act, it shall become effective on the
effective date of such general appropriation act.

HISTORY: 2005, cc. 933, 945, § 23-38.97; 2016, c. 588.