                                 CODE OF VIRGINIA

CAPITAL IMPROVEMENT PROJECTS (§ 10.1-112)

The Director is authorized to make and execute leases and contracts in the name
of the Commonwealth for the development and operation of revenue-producing
capital improvement projects in Virginia state parks upon the written approval
of the Governor. Prior to approval, the Governor shall consider the written
recommendation of the Director of the Department of General Services and the
Attorney General shall review such leases and contracts as to form.
		Any contract or lease for the development and operation of the capital
improvement project shall be in accordance with the provisions of the Virginia
Public Procurement Act (§ 2.2-4300 et seq.). The accepted bidder shall give a
performance bond for the construction, operation and maintenance of the project
with good and sufficient surety in an amount fixed by the Director for the
faithful performance of the conditions and covenants of such lease or contract.
		Such lease or contract, with an initial term not exceeding 30 years, shall be
subject to terms, conditions, and limitations as the Director may prescribe and
may be renewed with the approval of the Director. The proceeds arising from a
contract or lease executed pursuant to this section shall be paid into the State
Park Conservation Resources Fund established in subsection A of § 10.1-202.

HISTORY: 1987, c. 835, § 10-17.114; 1980, c. 451; 1984, c. 739; 1987, c. 453;
1988, c. 891; 1998, c. 168; 2003, cc. 79, 89.