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1997 SESSION
972272655Be it enacted by the General Assembly of Virginia:
1. That § 40 as amended of Chapter 216 of the Acts of Assembly of 1952 is amended and reenacted as follows:
§ 40. Contracts for public improvements; purchases.
Any purchase, public work, or improvement, costing more than fifteen
thirty thousand dollars, except as provided in the next
succeeding section, shall be executed by contract. All contracts for more than
fifteen thirty thousand dollars shall be awarded after
public advertisement and competition, as may be prescribed by general law. The
city council shall have the power to reject any and all bids, and
all advertisements shall contain a reservation of this right.