SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2020 SESSION

  • | print version

SB 448 Higher educational institutions, public; contracting firms, president of the institution.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Public institutions of higher education; contracting firms; president of the institution; delegation. Allows a president of a public institution of higher education to delegate to an officer or administrator of the institution his obligation to determine and make a written finding as a matter of public record that a contract is in the best interests of the institution when an officer or employee whose personal interest in a contract with the institution is by reason of an ownership in the contracting firm in excess of three percent of the contracting firm's equity or such ownership interest and income from the contracting firm is in excess of $5,000 per year.


FULL TEXT

HISTORY