HI HR33

Requests the State Procurement Policy Board to study whether the small purchase procurement dollar thresholds established in 1997 should be increased to reflect current costs of goods, services, and construction.

Current law exempts small purchases under $25,000 from small purchase procurement procedures, while purchases between $25,000 and $250,000 are subject to rule-based procedures; these thresholds have not been updated since 1997.

Notes that $25,000 in 1997 had the same buying power as $36,735 in 2014 dollars due to inflation alone, indicating the threshold is outdated.

Directs the study to recommend an appropriate new dollar threshold and identify any additional safeguards needed to ensure efficiency, transparency, and accountability in exempt small purchase procurements, including potential annual reporting requirements by agencies.

Requires the State Procurement Policy Board to submit findings and recommendations to the Legislature no later than twenty days before the 2016 Regular Session begins.