SB 54 — Chesapeake Airport Authority; removes language Authority authorizing language related to removal of.

SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY ––-- 2022 SESSION CHAPTER E390 An Act to amend and reenact § 3 of Chapter 133 of the Acts of Assembly of 1966, as amended by the second enactment of 2017,Chapter relating541 toand Chesapeakethe Airportsecond Authority.ctmentenactment of Chapter 557 of the Acts of AssemRlyAssembly Oof [S2017, 54]relating Lto ApprovedChesapeake LAirport BeAuthority. it enacted by the General Assembly of Virginia:

E[S 1.54] Approved April 11, 2022 Be it enacted by the General Assembly of Virginia:

That1. § 3 of Chapter 133 of the Acts of Assembly of 1966, as amended by the second enactment D amended and reenacted as follows:ctment of Chapter 557 of the Acts of Assembly of 2017, is § 3.

"ChesapeakeThat Airport§ Authority."3 Thereof isChapter hereby133 createdof andthe constitutedActs aof politicalAssembly subdivisionof 1966, as amended by the second enactment of Chapter 541 and the Commonwealthsecond toenactment beof knownChapter as557 of the "ChesapeakeActs Airportof Authority".Assembly of 2017, is amended and reenacted as follows:

The§ exercise3. by the Authority of the powers conferred by this act in the construction, operation and maintenance of the project authorized by this act shall be deemed and held to be the performance of an essential governmental function.

The"Chesapeake AuthorityAirport shallAuthority." consistThere is hereby created and constituted a political subdivision of seventhe members,Commonwealth allto be known as in the construction, operation and maintenance of whomthe project authorized by this act shall be appointeddeemed byand theheld councilto Bfbe the cityperformance of Chesapeake.an essential governmental function.

FourThe of the members of the Authority first appointed shall continueconsist inof offi4eseven formembers, nineteenall hundred sixty-eight the term of eachwhom suchshall member to be designatedappointed by saidthe council andof tothirty,the continuecity untilof hisChesapeake. successor shall be duly appointed and qualified.

Four of the members of the Authority first appointed shall continue in office for terms expiring on June thirty, nineteen hundred sixty-nine, and three for terms expiring on June thirty, nineteen hundred sixty-eight the term of each such member to be designated by said council and to continue until his successor shall be duly appointed and qualified.

however, after than one and one-half terms as a member of the Authority as of July 1, 2017, shallno notmember beshall eligibleserve formore reappointmentthan fortwo another consecutive term.terms.

Any person who has served more than one and one-half terms as a member of the Authority as of July 1, 2017, shall not be eligible for reappointment for another consecutive term.

The secretary-treasurer shall keep a record of the proceedings of the Authority and shall be custodian of all books, documents and papers filed with the Authority and of the minute book or journal of theodianthe Authority and of its official seal.

No vacancy in the membership of the Authority shall impair the right of a quorum to exercise all the rights and perform all the duties of the AutBeforeAuthority. the issuance of any revenue bonds under the provisions of this act the secretary-treasurer of the Authority shall execute a surety bond in the penal sum of fifty thousand dollars, such surety bond to be conditioned upon the faithful performance of the duties of his office, to be executed by a surety company authorized to transact business in the Commonwealth as surety and to be approved by the Attorney General and filed in the office of the Secretary of the Commonwealth.

Before the issuance of any revenue bonds under the provisions of this act the secretary-treasurer of the Authority shall execute a surety bond in the penal sum of fifty thousand dollars, such surety bond to be conditioned upon the faithful performance of the duties of his office, to be executed by a surety company authorized to transact business in the Commonwealth as surety and to be approved by the Attorney General and filed in the office of the Secretary of the Commonwealth.

Each member shall also be paid the sum of twenty dollars per day for each day or portion onethereof memberduring inwhich anyhe oneis calendarengaged yearin ofthe fifteenperformance hundredof dollars.ties,his duties, with the maximum payable to any one member in any one calendar year of fifteen hundred dollars.