                                 CODE OF VIRGINIA

PUBLIC-PRIVATE PARTNERSHIPS; PUBLIC PRIVATE PARTNERSHIP OVERSIGHT COMMITTEE (§
58.1-202.2)

A. The Tax Commissioner is hereby authorized through the Department of General
Services in accordance with the Virginia Public Procurement Act to enter into
public-private partnership contracts to finance agency technology needs. The Tax
Commissioner may issue a request for information to seek out potential private
partners interested in providing programs pursuant to an agreement under this
section. The compensation for such services shall be computed with reference to
and paid from the increased revenue attributable to the successful
implementation of the technology program for the period specified in the
contract.

B. The Public Private Partnership Oversight Committee, hereinafter referred to
as the &#8220;Committee&#8221; is established as an advisory committee in the
executive branch of state government to review and approve the terms of
contracts under this section relating to the measurement of the revenue
attributable to the technology program. The Committee shall consist of five
members as follows: one legislative employee appointed by the Senate Committee
on Rules after the consideration of the recommendation of the President pro
tempore of the Senate, if any; one legislative employee appointed by the Speaker
of the House of Delegates; and the State Comptroller, the Director of the
Department of Planning and Budget, and the State Inspector General, as ex
officio voting members. All members shall be citizens of the Commonwealth.
			Ex officio members shall serve terms coincident with their terms of office.
Legislative employee members shall be appointed for a term of two years and may
be reappointed for successive terms. Appointments to fill vacancies, other than
by expiration of a term, shall be for the unexpired terms. Vacancies shall be
filled in the same manner as the original appointments.
			The Tax Commissioner shall preside over the meetings of the Committee. The
Committee may select an alternative to preside in the absence of the Tax
Commissioner. A majority of the members shall constitute a quorum. The meetings
of the Committee shall be held at the call of the Tax Commissioner or whenever
the majority of the members so request.
			The Tax Commissioner shall submit an annual executive summary and report no
later than November 30 to the Governor and General Assembly on all agreements
under this section, describing each technology program, its progress, revenue
impact, and such other information as may be relevant. The executive summary and
report shall be submitted as provided in the procedures of the Division of
Legislative Automated Systems for the processing of legislative documents and
reports and shall be posted on the General Assembly&#8217;s website.

C. The Tax Commissioner shall determine annually the total amount of increased
revenue attributable to the successful implementation of a technology program
under this section and such amount shall be deposited in a special fund known as
the Technology Partnership Fund (the Fund). The Tax Commissioner is authorized
to use moneys deposited in the Fund to pay private partners pursuant to the
terms of contracts under this section. All moneys in excess of that required to
be paid to private partners, as determined by the Department, shall be reported
to the Comptroller and transferred to the appropriate general or nongeneral
fund.

HISTORY: 1996, cc. 643, 653; 2004, c. 1000; 2011, cc. 798, 871.