Public Procurement Act; foreign & domestic businesses authorized to transact business in State. (HB831)
Introduced By
Del. Scott Surovell (D-Fairfax)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Virginia Public Procurement Act; foreign business entities. Prohibits a foreign corporation, limited liability company, business trust, limited partnership, or registered limited liability partnership from bidding on, or entering into, amending, or renewing, a contract with a public body under the Virginia Public Procurement Act unless the foreign entity provides a copy of a valid certificate or authority or registration to conduct business in the Commonwealth. Such status shall be maintained during the term of a contract and for five years after its term is completed. A contract entered into by a business in violation of the requirements is voidable at the option of the public body. Amends § 2.2-4311.2 (“Compliance with state law; foreign and domestic businesses authorized to transact business in the Commonwealth.”), of the Code of Virginia. View Full Text »
