VA HB1308

Expands the definition of "professional services" under the Virginia Public Procurement Act to include licensed investment advisors, financial advisors, and insurance brokers procured by the Department of the Treasury

Previously, the only non-traditional professional service explicitly included was economists procured by the State Corporation Commission

Amends § 2.2-4301 of the Code of Virginia, which governs definitions for public procurement

Professional services designation affects how these contractors are selected, typically through competitive negotiation rather than lowest-bid processes

Makes minor grammatical corrections throughout the definitions section, including updated comma usage and replacing "shall include" with "includes"