Virginia Public Procurement Act; purchase of owner-controlled insurance for construction project. (HB2248)

Introduced By

Del. Barry Knight (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Public Procurement Act; purchase of owner-controlled insurance for construction project. Reduces the value of a public construction contract for which a public body may purchase owner-controlled insurance from $100 million to $10 million for multiple contracts and from $50 million to $5 million for a single contract. Amends § 2.2-4308.1, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/19/2015Committee
01/19/2015Presented and ordered printed 15103596D
01/19/2015Referred to Committee on General Laws
01/21/2015Assigned GL sub: Subcommittee #2
01/27/2015Impact statement from DPB (HB2248)
01/27/2015Subcommittee failed to recommend reporting (3-Y 4-N)
02/10/2015Left in General Laws