Code of Virginia § 56-575.3. Prerequisite for operation of a qualifying project.

251 words·~1 min read·/va/title-56/chapter-22-1/56-575-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Any private entity seeking authorization under this chapter to develop or operate a qualifying project shall first obtain approval of the responsible public entity under § 56-575.4 . Such private entity may initiate the approval process by requesting approval pursuant to subsection A of § 56-575.4 or the responsible public entity may request proposals or invite bids pursuant to subsection B of § 56-575.4 .

B. Any facility, building, infrastructure or improvement included in a proposal as a part of a qualifying project shall be identified specifically or conceptually.

C. Upon receipt by the responsible public entity of a proposal submitted by a private entity initiating the approval process pursuant to subsection A of § 56-575.4 , the responsible public entity shall determine whether to accept such proposal for consideration in accordance with § 56-575.16 . If the responsible public entity determines not to accept for consideration the proposal submitted by the private entity pursuant to subsection A of § 56-575.4 , it shall return the proposal, together with all fees and accompanying documentation, to the private entity.

D. The responsible public entity may reject any proposal initiated by a private entity pursuant to subsection A of § 56-575.4 at any time. If the responsible public entity rejects a proposal initiated by a private entity that purports to develop specific cost savings, the public entity shall specify the basis for the rejection.

2002, c. 571 ; 2003, cc. 292 , 1034 ; 2005, c. 865 ; 2011, c. 308 .