3.2-719 - Compact and insurance fund administration.
§ 3.2-719. Compact and insurance fund administration.
A. In each party state there shall be a compact administrator, who shall beselected and serve in such manner as the laws of his state may provide, andwho shall:
1. Assist in the coordination of activities pursuant to the compact in hisstate; and
2. Represent his state on the governing board of the insurance fund.
B. If the laws of the United States specifically so provide, or ifadministrative provision is made therefor within the federal government, theUnited States may be represented on the governing board of the insurance fundby not to exceed three representatives. Any such representative of the UnitedStates shall be appointed and serve in such manner as may be provided by orpursuant to federal law, but no such representative shall have a vote on thegoverning board or on the executive committee thereof.
C. The governing board shall meet at least once each year for the purpose ofdetermining policies and procedures in the administration of the insurancefund and, consistent with the provisions of the compact, supervising andgiving direction to the expenditure of moneys from the insurance fund.Additional meetings of the governing board shall be held on call of thechairman, the executive committee, or a majority of the membership of thegoverning board.
D. At such times as it may be meeting, the governing board shall pass uponapplications for assistance from the insurance fund and authorizedisbursements therefrom. When the governing board is not in session, theexecutive committee thereof shall act as agent of the governing board, withfull authority to act for it in passing upon such applications.
E. The executive committee shall be composed of the chairman of the governingboard and four additional members of the governing board chosen by it so thatthere shall be one member representing each of four geographic groupings ofparty states. The governing board shall make such geographic groupings. Ifthere is representation of the United States on the governing board, one suchrepresentative may meet with the executive committee. The chairman of thegoverning board shall be chairman of the executive committee. No action ofthe executive committee shall be binding unless taken at a meeting at whichat least four members of such committee are present and vote in favorthereof. Necessary expenses of each of the five members of the executivecommittee incurred in attending meetings of such committee, when not held atthe same time and place as meetings of the governing board, shall be chargesagainst the insurance fund.
(1970, c. 174, § 3.1-188.6; 2008, c. 860.)