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HI SB2620
Bill
Status
3/6/2018
Primary Sponsor
Gil Keith-agaran
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AI Summary
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Removes the $10,000 maximum cap on cash or protest bonds required for procurement award protests filed with the department of commerce and consumer affairs.
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Establishes tiered protest bond requirements based on contract value: $1,000 for contracts under $500,000; $2,000 for contracts from $500,000 to under $1,000,000; and one-half percent of estimated contract value for contracts of $1,000,000 or more.
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Requires the initiating party to pay the applicable bond amount to proceed with a procurement protest.
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Returns the bond to the protesting party if they prevail in the administrative proceeding, or deposits the bond into the general fund if they do not prevail.
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Takes effect January 1, 2050.
Legislative Description
Relating To Procurement.
Procurement
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) C. Lee, Lowen, McDermott, Souki, Tokioka excused (5).
3/23/2018