VAAB is directly authorized in the Code of Virginia (§ 2.2-2448).
According to the Code, the Virginia Asian Advisory Board has the power and duty to:
- Undertake studies and gather information and data in order to accomplish its purposes as set forth in § 2.2-2448.
- Apply for, accept and expend gifts, grants, or donations from public, quasi-public or private sources, including any matching funds as may be designated in the Appropriation Act, to enable it to better carry out its purposes.
- Report annually its findings and recommendations to the Governor. The board may make interim reports to the Governor, as it deems advisable.
- Account annually on its fiscal activities, including any matching funds received or expended by the Board.