                                 CODE OF VIRGINIA

INVALIDATION OF CONTRACT; RECISION OF SALES (§ 30-125)

A. Any contract made in violation of &#xA7; 30-103 or &#xA7; 30-105 may be
declared void and may be rescinded by the contracting or selling governmental
authority within five years of the date of the contract. In cases in which the
contract is invalidated, the contractor shall retain or receive only the
reasonable value, with no increment for profit or commission, of the property or
services furnished prior to the date of receiving notice that the contract has
been voided. In cases of recision of a contract of sale, any refund or
restitution shall be made to the contracting or selling governmental agency.

B. Any purchase made in violation of &#xA7; 30-103 or &#xA7; 30-105 may be
rescinded by the contracting or selling governmental agency within five years of
the date of the purchase.

HISTORY: 1987, Sp. Sess., c. 1, § 2.1-639.56; 2001, c. 844.