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AR SB329
Bill
Status
4/10/2017
Primary Sponsor
Alan Clark
Click for details
AI Summary
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Raises the price threshold requiring school districts to solicit competitive bids for commodity purchases from $10,000 to $20,000
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Allows open market purchases (without competitive bidding) for purchases under $20,000
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Permits purchasing officials to reject all bids and negotiate contracts directly with suppliers, provided all responsible bidders are notified and given opportunity to negotiate
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Requires the Commissioner of Education to adjust the purchase price threshold annually on July 1 based on the percentage change in the Consumer Price Index for All Urban Consumers
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Prohibits purchasing officials from parceling or splitting items to circumvent competitive bidding requirements
Legislative Description
To Raise The Price Threshold For The Purchase Of Commodities That School Districts Must Procure By Soliciting Bids; And To Provide For Annual Adjustments In The Purchase Price Threshold Based On Inflation.
Last Action
Notification that SB329 is now Act 1124
4/10/2017