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2012 SESSION
HB 945 Virginia Public Procurement Act; performance and payment bonds on transportation-related projects.
Introduced by: Ronald A. Villanueva | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Public Procurement; performance and payment bonds on transportation-related projects. Raises from $250,000 to $350,000 the contract amount for which performance and payment bonds are required on transportation-related projects partially or wholly funded by the Commonwealth. The bill further provides that for such projects valued in excess of $250,000 but less than $350,000, the payment and performance bond can only be waived by a public body if the bid is accompanied by evidence that a surety company has declined an application from the contractor for a bid bond. The bill requires the Commissioner of Highways and the Department of the Treasury to establish a prequalification program that is agreeable to both agencies, pursuant to the Department of the Treasury, Division of Risk Management, VaWorks Program (self-bonding program). The bill further provides that prospective bidders for transportation-related construction projects that are valued in excess of $250,000 but less than $350,000 who have submitted evidence of denial of a bid bond shall participate in the prequalification program agreed to by the Commissioner of Highways and the Department of the Treasury. The bill requires the Virginia Department of Transportation to report by December 1 of each year to the Chairmen of the House Committee on General Laws and the Senate Committee on Transportation (i) the number of companies that were unable to procure a bid bond, (ii) the number of waivers granted by the Department, and (iii) the number of companies that were enrolled in any Department of the Treasury, Division of Risk Management self-bonding program for Department projects.
FULL TEXT
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12102058D pdf | impact statement
- 02/10/12 House: Committee substitute printed 12105376D-H1 pdf | impact statement
- 03/07/12 House: Bill text as passed House and Senate (HB945ER) pdf | impact statement
- 04/18/12 House: Reenrolled bill text (HB945ER2) pdf
- 04/18/12 Governor: Acts of Assembly Chapter text (CHAP0783) pdf
AMENDMENTS
HISTORY
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12102058D
- 01/11/12 House: Referred to Committee on General Laws
- 02/10/12 House: Reported from General Laws with substitute (20-Y 0-N)
- 02/10/12 House: Committee substitute printed 12105376D-H1
- 02/12/12 House: Read first time
- 02/13/12 House: Read second time
- 02/13/12 House: Committee substitute agreed to 12105376D-H1
- 02/13/12 House: Engrossed by House - committee substitute HB945H1
- 02/14/12 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/14/12 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/15/12 Senate: Constitutional reading dispensed
- 02/15/12 Senate: Referred to Committee on General Laws and Technology
- 02/27/12 Senate: Reported from General Laws and Technology (14-Y 0-N)
- 02/29/12 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/01/12 Senate: Read third time
- 03/01/12 Senate: Passed Senate (40-Y 0-N)
- 03/01/12 Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
- 03/01/12 Senate: Passed Senate (39-Y 0-N)
- 03/07/12 House: Enrolled
- 03/07/12 House: Bill text as passed House and Senate (HB945ER)
- 03/07/12 House: Signed by Speaker
- 03/08/12 Senate: Signed by President
- 04/09/12 House: Governor's recommendation received by House
- 04/17/12 House: Placed on Calendar
- 04/18/12 House: House concurred in Governor's recommendation (91-Y 0-N)
- 04/18/12 House: VOTE: ADOPTION (91-Y 0-N)
- 04/18/12 Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
- 04/18/12 Governor: Governor's recommendation adopted
- 04/18/12 House: Reenrolled
- 04/18/12 House: Reenrolled bill text (HB945ER2)
- 04/18/12 House: Signed by Speaker as reenrolled
- 04/18/12 Senate: Signed by President as reenrolled
- 04/18/12 House: Enacted, Chapter 783 (effective 7/1/12)
- 04/18/12 Governor: Acts of Assembly Chapter text (CHAP0783)