                                 CODE OF VIRGINIA

REQUIRED DISCLOSURE BY CERTAIN OFFICERS AND DIRECTORS OF CERTAIN UTILITIES (§
56-234.5)

If it comes to the attention of any elected officer or director of a public
utility, as defined in § 56-232, that such public utility has, during the
preceding calendar year, let a construction, engineering or equipment contract,
including any subcontract, of a value in excess of $750,000 to a contractor or
subcontractor in which such officer or director, or the spouse of such officer
or director living in the same household, owns stocks or bonds or an equity
interest, constituting more than five percent of the ownership of such
contractor or subcontractor or valued at more than $50,000, whichever is less,
such officer or director shall file with the Commission, by April 30 of each
year, a list of every such contractor or subcontractor. This requirement shall
only apply to the elected officer or director of a public utility that has its
rates, tolls, charges, or schedules set by the Commission based on the public
utility&#8217;s cost of providing service.

HISTORY: 1979, c. 9; 2010, c. 581.