Board convenes closed session to discuss PPEA contract; no final action reported

The Financing Facilities board convened a closed session to discuss the potential award of a public contract under the Public-Private Education Facilities and Infrastructure Act (PPEA), citing statutory language during the meeting.

A committee member read the required motion and statutory citation, identifying the subject as "discussion of the award of a public contract under the PPEA involving expenditure of public funds where discussion in an open session would adversely affect the bargaining position or negotiation strategy of the public body," and invoked "Virginia code 2 dot 2 3 7 11 8 29," as recorded in the transcript. Members then voted by voice to enter closed session and moved to a designated closed-session location.

After the closed meeting, a committee member said he had "moved that we accept the proposal" but that the motion had "no second." The member then stated the matter "is in committee" and no final action was taken in open session.

The transcript does not record further details of the contract, the parties involved, or any numeric vote tallies for the closed-session motions; the meeting scheduled its next session for June 9 and adjourned.