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2017 Session

Budget Amendments - HB1500 (Conference Report)

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VCSFA: Increase Competition for Audit (language only)

Item 437 #1c

Item 437 #1c

Transportation
Virginia Commercial Space Flight Authority

Language

Page 429, after line 48, insert:

"In order to increase competition among qualified independent audit firms, the Virginia Commercial Spaceflight Authority is authorized to solicit requests for proposals from national firms including those that have submitted proposals prior to July 1, 2016. The final selection of the certified public accounting firm shall be performed by the Auditor of Public Accounts, with the assistance of the Virginia Commercial Spaceflight Authority, through a competitive negotiation process."



Explanation

(This amendment authorizes the Virginia Commercial Spaceflight Authority to solicit requests for proposals from any qualified independent external audit firm.)