The board may appoint an executive director, who shall be authorized to employ such staff as necessary to enable the land bank entity to perform its duties as set forth in the Act. The board is authorized to determine the duties of such staff and to fix salaries and compensation from such funds as may be received or appropriated.

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Terms Used In Virginia Code 15.2-7504

  • Act: means this chapter, the Land Bank Entities Act (§ Virginia Code 15.2-7500
  • board: means the board of directors of an authority or a corporation. See Virginia Code 15.2-7500
  • Land bank entity: means any authority, planning district commission, corporation, or existing nonprofit entity established or designated by a locality to carry out the purposes of the Act. See Virginia Code 15.2-7500
  • Locality: means a county, city, or town as the context may require. See Virginia Code 1-221

The land bank entity may enter into contracts and agreements with a locality for staffing services to be provided to the land bank entity.

2016, cc. 159, 383.