Bill > HB1308

This bill amends the Virginia Public Procurement Act, which governs how state and local government entities purchase goods and services. Specifically, it expands the definition of "professional services" to include the services of any licensed investment advisor, financial advisor, or insurance broker when these services are procured by the Department of the Treasury. This change clarifies that these financial and insurance-related services, when sought by the Treasury Department, are to be treated as professional services under the Act, which may affect how they are procured and contracted.

Government Affairs, Justice

https://lis.virginia.gov/bill-details/20261/HB1308