Board of Visitors approves management agreement required for restructuring act

At its regular quarterly meeting held Monday in Torgersen Hall, the Virginia Tech Board of Visitors took action on one of the final steps in the process of higher education restructuring by approving the "management agreement" between Virginia Tech and the Commonwealth of Virginia. The agreement details the new authorities the university will have as a "covered institution" under the restructuring act passed by the 2005 Virginia General Assembly.