Virginia Public Procurement Act; proposals to public higher educational institutions, disclosure.

Virginia Public Procurement Act; public institutionsof higher education; disclosure required by certain offerors; civilpenalty. Requires every offeror who submits a proposal to a public institution of higher education for any construction project that(i) has a total cost of $5 million or more and (ii) uses a procurementmethod other than competitive sealed bidding to disclose any contributionsthe offeror has made within the previous five-year period to the public institution of higher education or any private foundation that existssolely to support the public institution of higher education. The bill imposes a $500 civil penalty on any offeror that knowingly failsto submit the required disclosure.