CHAPTER 291
An Act to amend and reenact § 2.2-4301 of the Code of Virginia, relating to Virginia Public Procurement Act; definitions; "professional services."
[H 1308]
Approved April 6, 2026
Be it enacted by the General Assembly of Virginia:
1. That § 2.2-4301 of the Code of Virginia is amended and reenacted as follows:
§ 2.2-4301 . Definitions.
As used in this chapter:
"Affiliate" means an individual or business that controls, is controlled by, or is under common control with another individual or business. A person controls an entity if the person owns, directly or indirectly, more than 10 percent of the voting securities of the entity. For the purposes of this definition "voting security" means a security that (i) confers upon the holder the right to vote for the election of members of the board of directors or similar governing body of the business or (ii) is convertible into, or entitles the holder to receive, upon its exercise, a security that confers such a right to vote. A general partnership interest shall be deemed to be a voting security.
"Best value," as predetermined in the solicitation, means the overall combination of quality, price, and various elements of required services that in total are optimal relative to a public body's needs.
"Business" means any type of corporation, partnership, limited liability company, association, or sole proprietorship operated for profit.