                                 CODE OF VIRGINIA

ESTABLISHMENT OF PERFORMANCE STANDARDS FOR THE USE OF PROPERTY (§ 2.2-1131.1)

A. The Department shall establish performance standards for the acquisition,
lease and disposition of property and for the management and utilization of such
property at the individual agency and statewide levels to maximize the use of
property for which it is held. For the purposes of this section,
&#8220;property&#8221; means the same as that term is defined in &#xA7;
2.2-1147.

B. The head of each state agency or institution shall ensure that property
assets held by the agency on behalf of the Commonwealth are managed in
accordance with the standards set by the Department. Public institutions of
higher education in the Commonwealth that have delegated authority to manage
aspects of their real property usage and have signed a memorandum of
understanding with the Secretary of Administration related to such delegated
authority shall be deemed in compliance with the standards set by the Department
as long as they abide by the terms of the memorandum of understanding. Standards
established in accordance with the memorandum of understanding shall be reported
to the Department by October 1 of each year.

C. The Department may take appropriate actions, including assuring compliance
with the standards set by the Department and entering into leasing arrangements
or other contracts, to ensure that asset usage by each state agency is proper
and cost effective.

D. No later than November 30 of each year, the Department shall report to the
Governor and the General Assembly on the implementation and effectiveness of
this program.

HISTORY: 2004, cc. 684, 750; 2009, c. 612.