Virginia § 51.1-124.32 - Exemption from Public Procurement Act

Full text of Virginia Code of Virginia § 51.1-124.32 — Exemption from Public Procurement Act, with citation guidance and answers to common questions.

§ 51.1-124.32. Exemption from Public Procurement Act

The selection of services related to the management, purchase, or sale of authorized investments, actuarial services, and disability determination services shall be governed by the standard of care in § 51.1-124.30 and shall not be subject to the provisions of the Virginia Public Procurement Act (§ 2.2-4300 et seq.).

1982, c. 580, § 51-111.24:2; 1985, c. 490; 1989, c. 399; 1990, c. 832, § 51.1-116; 1991, c. 391; 1994, cc. 4, 85; 2007, c. 65.

Source: official Virginia text · Last verified 2026-08-27

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Frequently Asked Questions About Virginia § 51.1-124.32

What does Code of Virginia § 51.1-124.32 cover?

Section 51.1-124.32 ("Exemption from Public Procurement Act") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Virginia § 51.1-124.32?

A common citation format is "Code of Virginia § 51.1-124.32" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Virginia law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.

How does Virginia § 51.1-124.32 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.