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2012 SESSION
SB 79 Public Procurement Act; bid match preference for State businesses.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Public Procurement Act; bid match preference for Virginia businesses. Provides a bid match preference for Virginia business. Under the bill, a Virginia business has an opportunity to match the lowest bid of an out-of-state bidder if the bid of a Virginia business is within five percent or $10,000 of the lowest bid of an out-of-state bidder, whichever is less. The bill also provides that to be deemed a resident of Virginia, a Virginia person, firm, or corporation must have paid unemployment taxes or income taxes in Virginia in addition to being organized pursuant to Virginia law or maintaining a principal place of business within Virginia.
FULL TEXT
HISTORY
- 01/05/12 Senate: Prefiled and ordered printed; offered 01/11/12 12100789D
- 01/05/12 Senate: Referred to Committee on General Laws and Technology
- 01/24/12 Senate: Assigned GL&T sub: #2
- 01/30/12 Senate: Passed by indefinitely in General Laws and Technology (14-Y 0-N)