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1999 SESSION

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SB 1139 Public Procurement Act; community reinvestment activities.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Public Procurement Act; preference for community reinvestment activities in certain contracts. Allows certain high-growth localities as described in § 15.2-2298 to provide for preferences in awarding contracts for community reinvestment activities with qualifying institutions which enhance and preserve agricultural uses and agribusiness activities within the locality. The bill also limits to 50 percent the amount of funds which may be invested. A “high-growth locality” is described in subsection A of § 15.2-2298 as (i) any locality which has had a population growth of 10 percent or more from the next-to-latest to latest decennial census year, based on population reported by the United States Bureau of the Census; (ii) any city adjoining such city or county; (iii) any towns located within such county; and (iv) any county contiguous with at least three such counties, and any town located in that county. The bill has a July 1, 2003, sunset provision.


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