Common use of RECORDS RETENTION REQUIREMENTS Clause in Contracts

RECORDS RETENTION REQUIREMENTS. Under the Code of Virginia, § 42.1-85, the Library of Virginia (LVA) has the authority to issue regulations governing the retention and disposition of state and local public records. In accordance with this statute, copies of all contracts executed on behalf of the School Board shall be maintained in the Procurement Office for a period of five (5) years following the date of contract execution, or for the period as defined in the current retention schedule issued by the LVA.

RECORDS RETENTION REQUIREMENTS. 150 Under the Code of Virginia, § 42.1-85, the Library of Virginia (LVA) has the authority to 151 issue regulations governing the retention and disposition of state and local public records. 152 In accordance with this statute, copies of all contracts executed on behalf of the School 153 Board shall be maintained in the Procurement Office for a period of five (5) years 154 following the date of contract execution, or for the period as defined in the current 155 retention schedule issued by the LVA.