The Treasury Board
Purpose
The Treasury Board shall supervise investment of state funds, administer the Virginia Security for Public Deposits Act, administer the Government Non-Arbitrage Investment Act, approve the terms and structure of appropriation-supported bonds, and act as the issuing agent on general obligation bonds.
Term
Pleasure of the Governor
Composition
The Board shall consist of seven members to be appointed as follows: four members to be appointed by the Governor, subject to confirmation by the General Assembly, who shall serve at the pleasure of the Governor; the State Treasurer, the Comptroller, and the Tax Commissioner. The members appointed by the Governor should have a background and experience in financial management and investments. The State Treasurer, the Comptroller, and the Tax Commissioner shall serve terms coincident with their terms of office. Vacancies shall be filled in the manner of the original appointment.
Vacant Seats
No vacant seats available...
Current Board Members
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