Public Procurement Act; bid match preference for State businesses. (HB1015)
Introduced By
Del. Barbara Comstock (R-McLean)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Public Procurement Act; bid match preference for Virginia businesses. Provides, for contracts not expected to exceed $5 million, a bid match preference for Virginia business. Under the bill, a Virginia business has an opportunity to match the lowest bid of an out-of-state bidder if the bid of a Virginia business is within five percent or $10,000, whichever is less, of the lowest bid of an out-of-state bidder. The bill also provides that to be deemed a resident of Virginia, a Virginia person, firm, or corporation must have paid unemployment taxes or income taxes in Virginia in addition to being organized pursuant to Virginia law or maintaining a principal place of business within Virginia. The bill has a three-year sunset provision. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/11/2012 | Committee |
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 12103929D |
01/11/2012 | Referred to Committee on General Laws |
01/18/2012 | Impact statement from DPB (HB1015) |
01/27/2012 | Assigned GL sub: #2 FOIA/Procurement |
02/02/2012 | Subcommittee recommends incorporating (HB334-Villanueva) |
02/14/2012 | Left in General Laws |