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2020 Session

Budget Amendments - SB30 (Member Request)

Chief Patron: Surovell
Restructuring HE Level II & III Institutions - Foreign Corporations (Language Only) (language only)

Item 4-9.05 #1s

Item 4-9.05 #1s

Higher Education Restructuring

Language

Page 583, after line 27, insert:

"§ 4-9.05 LEVEL II AND LEVEL III REQUIREMENT


Level II and Level III institutions shall include in every written contract that the contractor shall be authorized to transact business in the Commonwealth as a domestic or foreign business entity as required by the State Corporation Commission in Title 13.1 or Title 50 of the Code of Virginia or as otherwise required by law.  Pursuant to competitive sealed bidding or competitive negotiation, the institution shall include in the solicitation a provision that requires a domestic or foreign business entity to include in their bid or proposal the SCC ID number as required by the State Corporation Commission or provide a statement that the entity is not required to register with the State Corporation Commission."

  


Explanation

(This amendment requires Level II and III higher education institutions to put in written contracts that the contractor shall be authorized to transact business in the Commonwealth and use the State Corporation Commission ID number or state that the entity is not required to do so.)