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1997 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 11-74 of the Code of Virginia is amended and reenacted as follows:
§ 11-74. Proscribed participation by public employees in procurement transactions.
Except as may be specifically allowed by provisions of the State and Local
Government Conflict of Interests Act (§ 2.1-639.1 et seq.)
subdivisions A 2 and A 3 of § 2.1-639.11, no public employee having
official responsibility for a procurement transaction shall participate in that
transaction on behalf of the public body when the employee knows that:
1. The employee is contemporaneously employed by a bidder, offeror or contractor involved in the procurement transaction; or
2. The employee, the employee's partner, or any member of the employee's immediate family holds a position with a bidder, offeror or contractor such as an officer, director, trustee, partner or the like, or is employed in a capacity involving personal and substantial participation in the procurement transaction, or owns or controls an interest of more than five percent; or
3. The employee, the employee's partner, or any member of the employee's immediate family has a pecuniary interest arising from the procurement transaction; or
4. The employee, the employee's partner, or any member of the employee's immediate family is negotiating, or has an arrangement concerning, prospective employment with a bidder, offeror or contractor.
2. That the provisions of this act shall not affect the validity of any procurement transaction or contract entered into prior to July 1, 1997.