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1999 SESSION
SB 912 Public Procurement Act; exemptions.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Public Procurement Act; exemptions. Exempts the selection of investment management services by the State Treasurer which are related to the external management of funds from the Public Procurement Act. Such selections shall be governed by the standard of care provided by § 2.1-328.14 and competitive guidelines and policies that are set by the Commonwealth Treasury Board and approved by the Department of General Services.
SUMMARY AS INTRODUCED:
Public Procurement Act; exemptions. Exempts the selection of investment management services by the State Treasurer which are related to the external management of funds from the Public Procurement Act. Such selections shall be governed by the standard of care provided by § 2.1-328.14 and competitive guidelines and policies that are set by the Commonwealth Treasury Board and approved by the Department of General Services.