§ 2.2-4307

Fixed-price or not-to-exceed-price design-build and construction management contracts for juvenile correctional facilities authorized

Notwithstanding the provisions of § 2.2-4306, but subject to the procedures adopted by the Secretary of Administration to implement the provisions of that section, the Commonwealth may enter into contracts for juvenile correctional facilities on a fixed-price or not-to-exceed-price design-build basis or construction management basis, including related leases, lease/purchase contracts, agreements relating to the sale of securities to finance such facilities, and similar financing agreements.


1996, cc. 795, 942, § 11-41.2:02; 2001, c. 844.


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